Home Sales in Byron Georgia 31008
May 2018 Market Report
Despite the shortage of available properties to check out, it was great to see home sales in Byron GA go up again this past month. With only 2 months of homes to choose from, buyers are slowly running out of options. Hear that homeowners. It is an incredibly good time to get your home lots of consumer attention by getting it on the Byron GA market!
There was just 19 home sales in Byron GA last month. This represents the tenth lowest total in the past 12 months. For comparison, there were 23 home closings during this time-frame last year. Additionally, the 12-month average is 24 sales per month.
That number could go way up next month as there are currently 33 pending sales (up 19 over the previous month), which is an indicator that buyers are finding homes to their liking even if new listings are desperately needed. With only 39 properties available (down 11 from the previous month), there is no better time to get your home listed, seen, and closed in Byron GA.
Let’s go ahead and peel things back to take a closer look and see what the home sales in Byron GA looked like last month!
Byron Georgia Homes Sales
With 19 homes sales in Byron GA last month, the slight uptick in sales can be partially attributed to warmer weather inviting consumers out to spend time searching for properties. When you find a property 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 great, coming in at 14 days (from listing to closing). That is 21 day better than the previous month and a 27 day improvement over the 12-month average of 41 days. For comparisons, it was 40 days better than the same time-frame last year (54 days).
The average sales price came in at $155K+ which was $8K less than the previous month, but $13K over the same time-frame last year. The annual average is $155K+. 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 decent, coming in at 98.45% last month. That was slightly less than the 12-month average of 98.37. 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 month of available inventory (39 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: $155,503
- Median Sales Price: $135,000
- Number of Monthly Sales: 19
- Number of Distressed Sales: 1
- Average Days-On-Market, Sold Homes: 14
- Average Sales Price /List Price Ratio: 98.45%
- Highest Priced Sale: $344,900
- Lowest Priced Sale: $93,000
- Highest Priced Listing: $344,900
- Lowest Priced Listing: $56,000
- Largest Home on the Market: 4,602 sq ft
- Smallest Home on the Market: 1,272 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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