Covington Living Market Watch: September

By
Real Estate Agent with Coldwell Banker Realty

Around the first of a new month and time for another look at the Real Estate market statistics for the month of September.  In Covington, Georgia and Newton County during the month of September, there were 2101 single For Sale Signfamily residences actively listed for sale.  The average Days On Market, or length of time these homes have been for sale, has reached 114 days.  During September, 107 homes were sold.  They had been on the market for an average of 98 days.

Here's a telling statistic:  The homes sold during September sold for only 87.8% of their listing price, indicating how much of a buyers' market still exists... and that more sellers are beginning to realize that fact.

In Covington and Newton County, as of the end of September, there was almost a 13 month supply of homes on the market.

Following are statistics for several individual price ranges:

Covington, Georgia and Newton County Real Estate For Sale; Under $100,000 (Single Family Homes Only)

  • Active Listings:              120
  • Average DOM:               91
  • Sold Listings:                 21
  • Average Sold DOM:      113

Covington, Georgia and Newton County Real Estate For Sale; $100,000 - $200,000 (Single Family Homes Only)

  • Active Listings:              1253
  • Average DOM:                 99
  • Sold Listings:                   58
  • Average Sold DOM:         89

Covington, Georgia and Newton County Real Estate For Sale; $200,000 - $300,000 (Single family Homes Only)

  • Active Listings:              418
  • Average DOM:              145
  • Sold Listings:                  15
  • Average Sold DOM:      166

Covington, Georgia and Newton County Real Estate For Sale; $300,000 - $400,000 (Single Family Homes Only)

  • Active Listings:              165
  • Average DOM:              138
  • Sold Listings:                  6
  • Average Sold DOM:      138

Covington, Georgia and Newton County Real Estate For Sale; $400,000 - $500,000 (Single Family Homes Only)

  • Active Listings:              69
  • Average DOM:              137
  • Sold Listings:                4
  • Average Sold DOM:      55

Covington, Georgia and Newton County Real Estate For Sale; $500,000 - $600,000 (Single Family Homes Only)

  • Active Listings:              43
  • Average DOM:              141
  • Sold Listings:                  2
  • Average Sold DOM:      122

Covington, Georgia and Newton County Real Estate For Sale; $600,000 - $700,000 (Single family Homes Only)

  • Active Listings:              21
  • Average DOM:              134
  • Sold Listings:                0
  • Average Sold DOM:      n/a

Covington, Georgia and Newton County Real Estate For Sale; $700,000 - $800,000 (Single family Homes Only)

  • Active Listings:              6
  • Average DOM:              124
  • Sold Listings:                0
  • Average Sold DOM:      n/a

Covington, Georgia and Newton County Real Estate For Sale; $800,000 - $900,000 (Single family Homes Only)

  • Active Listings:              2
  • Average DOM:              40
  • Sold Listings:                0
  • Average Sold DOM:      n/a

Covington, Georgia and Newton County Real Estate For Sale; $900,000 - $1,000,000 (Single family Homes Only)

  • Active Listings:              2
  • Average DOM:              72
  • Sold Listings:                0
  • Average Sold DOM:      n/a

Covington, Georgia and Newton County Real Estate For Sale; $1,000,000+ (Single family Homes Only)

  • Active Listings:              2
  • Average DOM:              211
  • Sold Listings:                1
  • Average Sold DOM:      90

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