This is your 2024 First Quarter 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 Q1 2024 as compared to 2023 and some interesting updates about the NAR proposed settlement and it’s impact. ???? Check out the 2024 First Quarter Review video and additional stats below…
2024 1st Quarter Stats for Muscogee & Harris Counties (GA):
Closed Sales
- 2024= 582 2023= 588 Pretty consistent from last year Q1 to this year Q1.
Average Sales Price
- 2024= $257,800 2022= $242,500 This is an increase in average sales price of 6.3% ????????????
Average List to Sale Price %
- Before Price Any Price Reductions (original list price) 2024= 96% 2023= 96%
- After Price Reductions (final list price) 2024= 97.49% 2023= 98.25%
Average Days on Market
- 2024= 47 2023= 44
Types of Purchase (financing)
Q1 2024
- Cash 28.52% Average Price- $178,000
- Conventional 27.15% – $308,000
- FHA 16.67% – $230,000
- VA 26.63% – $313,000
- Other 1.03% – $161,000
2024 1st Quarter Stats for Russell & Lee Counties (AL):
Closed Sales
- 2024= 270 2023= 289 Pretty consistent from last year Q1 to this year Q1.
Average Sales Price
- 2024= $265,000 2022= $248,400 This is an increase in average sales price of 6.68% ????????????
Average List to Sale Price %
- After Price Reductions (final list price) 2024= 99.16% 2023= 99.64%
Average Days on Market
- 2024= 39 2023= 45
Types of Purchase (financing)
Q1 2024
- Cash 12.12% Average Price- $181,200
- Conventional 16.67% – $317,600
- FHA 18.52% – $250,000
- VA 48.15% – $278,000
- Other 4.44% – $258,000
**All of this data is as provided in the Columbus Board of Realtors and East Alabama Board of Realtors MLS systems.