October Market Report

Real Estate Market Report for October 2010

NEWTON COUNTY

• 129 days on market - this is 3 days longer than in September
• Sellers received, on average, 92.3% of their list price when the home sold - down from 94.0% in September
• There is 8.7 months of inventory currently on the market (6 months inventory is considered "normal")
• 110 homes sold in October 2010 - this is 1 fewer than sold in September
• The most popular price range was $0 - $100,000
• The average sale price was $84,812 - compared to $94,789 in September
• There were 46 new foreclosures - 28 fewer than October 2009

ROCKDALE COUNTY

• 130 days on market - this is 25 fewer than in September
• Sellers received 95.2% of their list price when the home sold - up from 93.5% in September
• There is a 10.7 month inventory of homes currently on the market (6 months is considered "normal")
• 61 homes sold in October - 6 more than in September
• The most popular price range was $0 - $100,000
• The average sale price was $114,950 - compared to $126,333 in September
• There were 37 new foreclosures - 23 less than October 2009

If you have questions or comments about the real estate market in Newton or Rockdale Counties, please leave me a message or give me a call... 770-337-5262