Home Sales in Byron Georgia 31008
September 2018 Market Report
Just when you think this market is ready to start to hibernate until spring, the home sales in Byron GA go up again which gives plenty of hope to potential sellers. However, with just 2 months of houses for consumers to check out, more inventory is needed if sales are going to stay at a reasonable level through the remainder of fall. Do you hear that homeowners…Now is the right time to list your home to get plenty of buyer and investor attention in Byron GA!
There were 21 home sales in Byron GA last month. This represents the eighth highest total in the past 12 months. For comparison, there were 26 home closings during this time-frame last year. Additionally, the 12-month average is 23 sales per month.
With only 17 pending sales, the number of closings will most likely drop off again next month. This represents a 4 home decrease from the previous month. Despite low inventory levels, buyers are still finding properties they like in this community. With 50 properties available (up 3 over the previous month), there is no better time to get your home listed, seen, and closed in Byron GA.
Let’s go ahead and take a deeper look and see what the home sales in Byron GA looked like last month!
Byron Georgia Homes Sales
With 21 homes sales in Byron GA last month, it is clear this market is going through a transition right now. No sense of urgency for buyers means homes may sit a bit longer on the market. It is worth nothing that when you find a house that meets your needs, you need to be ready to make a decent offer as others are actively looking too. Any delay could cost you an opportunity to buy the property.
The average number of days on market for home sales in Byron Georgia this past month was good, coming in at 42 days (from listing to closing). That is 10 days slower than the previous month and 9 days off the annual average. For comparisons, it was a 7 day improvement over than the same time-frame last year (49 days).
The average sales price came in at $192K+ which was $20K more than the previous month and $67K over the same time-frame last year. The annual average is $164K+. As a reminder, houses in every price points have a good opportunity to sell in this market right now, especially if they are market priced and well maintained!
The sales price to list price ratio (SP/LP) was solid, coming in at 98.53% last month. That was a little better than the 12-month average of 98.47. When consumers find a property that fits their needs, they are making legitimate offers, giving sellers every reason to negotiate in good faith to come to an agreement on the house. What buyers and investors are not doing is overpaying in this market right now, despite the shortage of inventory.
How can both buyers and sellers gain an advantage in the current Byron GA Real Estate market? Employ the services of a local Byron GA Real Estate Agent who understands all of the ups-and-downs and twists and turns of this market.
Byron GA Real Estate Market
Currently, the Byron GA real estate market favors sellers with only 2+ months of available inventory (50 homes) to pick from. To review the home sales in Byron GA last month as well as other closing information, check out the following statistics:
- Average Sales Price: $192,324
- Median Sales Price: $183,455
- Number of Monthly Sales: 21
- Number of Distressed Sales: 1
- Average Days-On-Market, Sold Homes: 42
- Average Sales Price /List Price Ratio: 98.53%
- Highest Priced Sale: $298,000
- Lowest Priced Sale: $107,500
- Highest Priced Listing: $689,900
- Lowest Priced Listing: $90,000
- Largest Home on the Market: 7,317 sq ft
- Smallest Home on the Market: 1,325 sq ft
This is a good real estate market to be part of for buyers, investors, and sellers. Do not delay or you may miss out on the home of your dreams in Byron GA!
Find Byron GA Homes for Sale
For a complete list of the available real estate in Byron GA and all of Houston County, search all the available Byron GA houses for sale. As always, subscribe to my newsletter so you do not miss out on any Byron home deals!
Call me at (478) 960-8055 to find out what your Byron GA home is worth or so we can discuss your housing needs. I know this market incredibly well and can assist with all your residential real estate needs in this market.
Review the Home Sales in Byron GA 31008
Statistics represent single family homes and townhouses in Byron GA (Source: CGMLS) for the referenced month. Information is deemed reliable, but not guaranteed.
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