Home Sales in Warner Robins Georgia in May 2017
While other markets in Houston County have been struggling with limited inventory, home sales in Warner Robins GA in May 2017 continued climbing. For the fourth month in a row, sales have gone up. This past month there was 119 closings, up 16 over the previous month and 27 higher than the 12-month average. As long as sellers keep their home show ready and market priced, buying consumers will continue to seek out and find good deals in this city.
Currently, sellers have the upper hand with only 2+ months of available inventory for buyers and investors to pick from. With only 262 houses available (up 17 over the previous month), consumers must act fast if they find a home they want to make an offer on.
No reason to wait so let us jump in and check out the details for the home sales in Warner Robins GA in May 2017 as well as the latest market news for this area.
Home Sales in Warner Robins GA
The 119 sales this past month represents the highest total in the past year. It was 26 sales more than the same time-frame last year too. Buyers and investors are actively looking for properties so sellers need to keep their home ready for visitors if they want to go from listed to sold in the Warner Robins real estate market right now.
With 104 pending sales (up 3 over the previous month), this market remains busy and should continue its upward growth through the summer season. This past month the average sales price came in at $157K+, up on the 12-month average ($145K), and $1K over the same time-frame last year. The sales price average could have been even better had it not been for the 6 distressed sales last month, dropping the average prices slightly.
The number of days-on-market for sold homes was only 66 days, which nearly matched 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 97.96%, coming in better than the 12-month average (97.52%).
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.
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 (262 homes)). Below is a snapshot to help you understand all the details for the home sales in Warner Robins GA in May 2017. The averages and totals for the Warner Robins GA real estate market are as follows:
- Average Sales Price: $157,310
- Median Sales Price: $132,000
- Number of Total Monthly Sales: 119
- Number of Distressed Sales: 6
- Average Days-On-Market, Sold Homes: 66
- Average SP/LP Ratio: 97.93%
- Highest Priced Sale: $484,500
- Lowest Priced Sale: $4,000 (Yes $4K!)
- Highest Priced Listing: $699,000
- Lowest Priced Listing: $25,000
- Largest Home on the Market: 6,892 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 April 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 May 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.