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Houston county GA market report June 2007

By
Real Estate Agent with Realty of Warner Robins

Houston county,  Residental

Well, I have search through the MLS stats and tried to make sense of the numbers.  This is my take on the market for Houston county, residential sales only. Even though our MLS covers Houston, Peach, Macon, Pulaski, Bleckley, Twiggs, Dooly, Crawford and south Bibb counties, my research indicates that Houston is the dominant county as far as real estate listings and sales activity, so that is what the below stats reflect.  Houston county is mainly Warner Robins, Perry, Centerville, Kathleen, and Bonaire.  Some of the smaller counties have real estate offices that do not subscribe to our MLS, so their listings and sales are not reported, therefore; we can't create an accurate picture of their market.  Perhaps another day, I will give a report on the other counties.  

Since Jan. 07, we have listed 2,283 residential properties, and sold 1,259 of them, a little more than half (55%). Most sold for 98% of their listing price, with an avg. sold price of $152,488, with avg DOM at 91. 

11% of the propertites listed since Jan have exprired, with an avg. price of $177,887. (priced too high for the market perhaps?)

For the month of June, the avg. sold price is higher than the overall avg. sold price for the year, so we seem to be getting more for the properties.

For June 2007, we listed 351 and sold 249, about 71% .  The avg. sold price was $164,744. So, it looks like our market is slightly off from last year at this time by 2%, because we have less listings and sold a bit less.  Sold price hasn't changed much, less than $1,000 .

For June 2006, we listed 409 and sold 298, about 73% .  The avg. sold price was $164,010.

Sales are strongest for single family homes and residential building lots. New construction continues to be on the rise, but resale homes are still in high demand.

 

Anonymous
KS
Do you have any more up to date market conditions for Warner Robins?  How many new homes are on the market? How long does a new home usually take to sell?
Nov 09, 2007 07:56 PM
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