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NOVEMBER MARKET REPORT

Real Estate Market Report for November 2010

Although this is historically the slowest time of the year, as far as real estate sales, market statistics nevertheless seemed to get even worse in this down market during the past month.  Here are the results:

NEWTON COUNTY

  • 145 days on market – this is 16 days longer than in October
  • Sellers received, on average, 91.1% of their list price when the home sold – down from 92.3% in October

    CovingtonReal Estate Market Report

  • There is 11.1 months of inventory currently on the market (6 months inventory is considered “normal”)
  • 83 homes sold in November 2010 – this is 27 fewer than sold in October
  • The most popular price range was $0 – $100,000  (59 of the 83 sales)
  • The average sale price was $70,513 – compared to $84,812 in October
  • There were 72 new foreclosures -17 more than November 2009

ROCKDALE COUNTY

  • 158 days on market – this is 28 days longer than in October
  • Sellers received 92.0% of their list price when the home sold – down from 95.2% in October
  • There is a 12 month inventory of homes currently on the market (6 months is considered “normal”)
  • 54 homes sold in October – 7 fewer than in October
  • The most popular price range was $0 – $100,000  (29 of 54 sales)
  • The average sale price was $102,611- compared to $114,950 in October
  • There were 32 new foreclosures – 7 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

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