Home Sales in Warner Robins Georgia 31088
December 2018 Market Report
Like most of the real estate markets in Houston County, home sales in Warner Robins GA dropped again this past month as winter arrived and buyers took a break for the holidays. Unfortunately, the inventory shortage also had a negative effect on home sales too.Hear that homeowners…now is a great time to get your home on the market as there are not many properties for buyers and investors to pick from. Stay tuned as I discuss what this real estate information means for this city and also to determine if both buyers and sellers have good options going forward.
The real estate market in Warner Robins had 73 houses exchange hands last month. That is the second lowest monthly total in the past year. In comparison, 113 properties exchanged hands during the same time-frame last year.
With just 2+ month of inventory for consumers to choose from, it is becoming increasingly more difficult for real estate consumers to find properties that meet their needs in this community. That is a great reason for existing homeowners to get their property on the Warner Robins real estate market while buyers and investors are still interested in finding their dream home.
With just 62 pending sales (up 44 over the previous month), this market does not appear to be ready to rebound. Currently, there are 205 homes available (up 4 over from the previous month) so both buyers and investors should act quickly when they find a property that meets their needs in Warner Robins GA.
Let’s go ahead and take a longer look to check out what the home sales in Warner Robins GA last month looked like!
Warner Robins Georgia Homes Sales
With 73 homes sales in Warner Robins Georgia this past month (down 20 from the previous month), this market is in full hibernation mode right now. While buyers continue to seek and sometimes find homes they want, more inventory is definitely needed to keep the momentum going forward. The monthly average home sales is 94 closings
The average days on market for home sales in Warner Robins Georgia this past month was decent coming in at 38 days (from listing to closing). That is 8 days faster than the 12-month average of 46 days. For comparison, it was a 12 day improvement over the same time-frame last year.
The average sales price came in at $149K+ which was $3K less than the previous month and $4K less than the 12-month average. It was $10K above the same time-frame last year. Although home sales in the lower price points were more prevalent this past month, properties in all price points have a good opportunity to be seen and sold in this market right now, especially if they are market priced and well maintained!
The sales price to list price ratio (SP/LP) was average at 97.89% last month. The 12-month average is 98.45%. When buyers and investors find a home they want, they are making decent offers giving sellers an incentive to negotiate and sell their property. What they 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 Warner Robins GA Real Estate market? Employ the services of a local Warner Robins GA Real Estate Agent who understands all of the ups-and-downs and twists and turns of this market.
Warner Robins GA Real Estate Market
Currently, the Warner Robins GA real estate market favors sellers with 2+ month of available inventory (205 homes) to choose from. To review the home sales in Warner Robins GA as well as other closing information, check out the following statistics:
- Average Sales Price: $149,571
- Median Sales Price: $140,000
- Number of Monthly Sales: 73
- Number of Distressed Sales: 3
- Average Days-On-Market, Sold Homes: 38
- Average Sales Price /List Price Ratio: 97.89%
- Highest Priced Sale: $407,250
- Lowest Priced Sale: $12,000
- Highest Priced Listing: $489,000
- Lowest Priced Listing: $7,500
- Largest Home on the Market: 5,146 sq ft
- Smallest Home on the Market: 768 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 Warner Robins GA!
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 all the Home Sales in Warner Robins GA
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.
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