This is your 2023 Year End Market Review for our local real estate market from Kim Mixon w/ The Kim Mixon Real Estate Team and Dustin Steele with Northpointe Bank. Below is a “deep dive” into the details for closed sales in 2023 as compared to 2022 with some surprising information with regard to home prices. ???? Check out the Year End Review video and additional stats below…
2023 Stats for Muscogee & Harris Counties (GA):
Closed Sales
- 2023= 2,529 2022= 3,259 This is a decrease in overall closed volume of 730 homes (22.4% decrease) ????
Average Sales Price
- 2023= $256,500 2022= $251,600 This is an increase in average sales price of 1.95% ????????????
Average List to Sale Price %
- Before Price Any Price Reductions (original list price) 2023= 92.97% 2022= 98.35%
- After Price Reductions (final list price) 2023= 98.65% 2022= 98.87%
Average Days on Market
- 2023= 35 2022= 29
Types of Purchase (financing)
2023
- Cash 28%
- Conventional 28%
- FHA 14%
- VA 29%
- Other 1%
2022
- Cash 25%
- Conventional 32%
- FHA 14%
- VA 28%
- Other 1%
2023 Stats for Russell & Lee Counties (AL):
Closed Sales
- 2023= 1,341 2022= 1.722 This is a decrease in overall closed volume of 381 homes (22.13% decrease) ????
Average Sales Price
- 2023= $267,900 2022= $249,600 This is an increase in average sales price of 7.33% ????????????
Average List to Sale Price %
- Before Price Any Price Reductions (original list price) 2023= 92.73% 2022= 94.94%
- After Price Reductions (final list price) 2023= 99.415% 2022= 100%
Average Days on Market
- 2023= 34 2022= 28
Types of Purchase (financing)
2023
- Cash 16%
- Conventional 22%
- FHA 18%
- VA 43%
- Other 2%
2022
- Cash 16%
- Conventional 23%
- FHA 15%
- VA 44%
- Other 1%
**All of this data is as provided in the Columbus Board of Realtors and East Alabama Board of Realtors MLS systems.