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October 2010 Real Estate Market Report

Real Estate Market Report for October 2010

NEWTON COUNTY

Market Graph Illustration

October Real Estate Market Report

  • 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

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