Home Sales in Warner Robins Georgia in March 2017
Home sales in Warner Robins GA in March 2017 continued climbing this month to the tune of 88 closings. That is 4 more than the previous month and only 1 short of the 12-month average (89 sales). If you are thinking about buying or selling a Warner Robins home, this report will help you decide if it is the right time to enter the market.
Currently, sellers have the upper hand with only 2+ months of available inventory for both buyers and investors to pick from. With only 242 houses available (down 45 from the previous month), consumers must be prompt when they locate a home they are interested in. Any delay could cost them an opportunity to make an offer as other buyers are also out looking at homes.
Let’s go ahead and check out the details for the home sales in Warner Robins GA in March 2017 as well as the latest market news for this area.
Home Sales in Warner Robins GA
Sellers still have the upper hand in this real estate market but that has not stopped buyers and investors from looking, finding, and contracting properties when they locate what they want. As is always the case, sellers need to make sure their property is show ready at all times and market priced to ensure new buyer interest is piqued.
The 88 closings this past month was a good sign the Warner Robins real estate market is picking up momentum after a slow start to the year. The 12-month average number of home sales in Warner Robins is 89 sales. Buyers and investors are out in force so sellers need to keep their home show ready if they want to go from listed to sold in Warner Robins right now.
With 107 pending sales (up 23 over the previous month), this market should continue its growth as summer gets closer. This past month the average sales price came in at $140K+, down slightly from the 12-month average ($144K), and up $6K over the same time-frame last year. The sales price average could have been even better had it not been for the 12 distressed sales last month, dropping the average prices slightly.
The number of days-on-market for sold homes was only 69 days, which was only 4 days off the 12-month average (65 days). When market priced, homes typically move at a reasonable pace in this city. The sales price to list price ratio was decent at 98.43%, coming in better than the 12-month average (97.49%).
How can both buyers and sellers gain an advantage in the Warner Robins GA Real Estate market? Employ the services of a local Warner Robins Real Estate Expert who understands this local real estate market.
Warner Robins Real Estate Market Summary
Currently, the Warner Robins real estate market favors sellers (2+ months of available inventory (242 homes)). Below is a snapshot to help you understand all the details for the home sales in Warner Robins GA in March 2017. The averages and totals for the Warner Robins GA real estate market are as follows:
- Average Sales Price: $140,246
- Median Sales Price: $119,000
- Number of Total Monthly Sales: 88
- Number of Distressed Sales: 12
- Average Days-On-Market, Sold Homes: 69
- Average SP/LP Ratio: 98.43%
- Highest Priced Sale: $466,000
- Lowest Priced Sale: $8,000
- Highest Priced Listing: $570,000
- Lowest Priced Listing: $25,000
- Largest Home on the Market: 5,874 sq ft
- Smallest Home on the Market: 720 sq ft
If you would like to review last month’s information, check out the Warner Robins GA Real Estate Report for February 2017. With plenty of available properties to choose from, you can definitely find what you need in this market. Happy home searching!
Find Warner Robins GA Homes for Sale
For a complete list of available real estate in Warner Robins GA, check out the Warner Robins GA Homes for Sale. In addition, subscribe to my real estate newsletter so you do not miss out on another Warner Robins home deal!
Call me at (478) 960-8055 to find out what your Warner Robins GA home is worth in this market or so we can discuss your housing needs. I look forward to talking with you and assisting with your real estate needs.
Check Out the Home Sales in Warner Robins GA in March 2017
Statistics represent single family homes and townhouses in Warner Robins GA (Source: CGMLS) for the referenced month. Information (as of the posting date) is deemed reliable, but not guaranteed.
The data related to real estate for sale on this website comes in part from the Internet Data Exchange (IDX) Program of Central Georgia MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed and should be independently verified.