The State of Real Estate in Macon County - 3rd Quarter 2021 Update
Posted by Ryan Campbell on
As we round the corner and head into the final leg of another fast-paced year in real estate, we look over our shoulders to see where we’ve been, and we look forward to see what lies ahead.
The Decatur/Macon County Real Estate Market remains strong with third-quarter volume, average sales price and median price outpacing the third-quarter numbers from 2020. Inventory levels have increased slightly with the number of homes available for sale ranging between 170 and 180 homes. This is an increase from 120 to 130 homes actively being marketed in prior months.
Closed residential home sales for the third-quarter 2021 totaled 443 with homes continuing to sell at a quickened pace. The average days on market for residential listings was 23 days which is…
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With a global health crisis continuing to loom over our daily lives, all of us have changed , not only how we spend our time, but where we spend our time. As we’ve navigated through 2020, the old expression “to put your house in order” has taken on a new meaning with many families making big changes and big moves. What has this created? A robust local real estate market with many clues that the modest pace will continue through the rest of the year.
Is Your Home Ready for the Winter? Whether we like it or not, the temperatures are slowly dropping and, within in a few short months, winter will be here! Being a homeowner means there’s certain maintenance required throughout the year to keep your home in high functioning shape. When it comes to winter prep work, the time and care you take now means keeping you warm and safe during cold months ahead.
As low inventory and low-interest rates continue to fuel our hot local real estate market, homeowners are aware of the temperature and eager to take advantage. When considering putting your home on the market, one of the big questions potential sellers want to know is “what’s my home worth?”
Unique economic and health uncertainty have changed our daily lives, our interactions, and the way we conduct business. For some of us, it has offered new perspective into our wants and needs. A home where once content, we’ve now discovered it’s time to make a change.
As we rounded the halfway point of 2020, we reflected back on the 6 months behind us. We’ve moved from a pandemic lockdown to a gradual reopening. The novel coronavirus (COVID-19) has reshaped how we live our lives. Unique health, social, and economic factors have intersected to create an equally unique housing environment. Even during these inclement times, our local real estate market remains strong. As we emerge from these unprecedented times, we take stock of the present and make plans to move forward.
The housing inventory continues to ride lean and low in Macon County. For home buyers, that means increased competition, and in some cases, even bidding wars.