The current state of the Moultrie Georgia Real Estate market is strong.
Watch the video below to see my discussion about the most current trends in Moultrie Georgia Real Estate.
Overall the average price of new homes being listed has decreased. This could be for several reasons. One of the most likely shows a strengthening of the Mountrie Georgia real estate market – people are upgrading. But the trend also shows over the last 3 months that the average price of closed home sales has decreased. There are several factors at play but let’s look at the numbers.
Moultrie Georgia Real Estate by the Numbers
While there are still 158 available homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process, I feel that we can officially call an end to the housing crisis.
The median sales price for homes in Moultrie GA for May 14 to Aug 14 was $85,000 based on 31 home sales. Compared to the same period one year ago, the median home sales price decreased 15%, or $15,000, and the number of home sales decreased 16.2%.
The average price per square foot for homes in Moultrie GA was $67, an increase of 21.8% compared to the same period last year. This means that while the average cost of homes listed is down, the actual value of those same homes is up.
The average listing price for homes for sale in Moultrie GA was $148,597 for the week ending Aug 13, which represents a decrease of 0.7%, or $1,005, compared to the prior week.
Overall I feel that the market is gaining strength and will continue to do so.
Home sales numbers courtesy trulia.com