Business: Home sales continued to sizzle in April in Floyd, Bartow, Gordon counties. Prices jump; inventory plummets.

Business: Home sales continued to sizzle in April in Floyd, Bartow, Gordon counties. Prices jump; inventory plummets.

The sizzling real estate market didn’t slow down in Northwest Georgia in April. Even though Gordon County reported a 2% drop in home sales last month, the sheer volume of closings in Floyd and Bartow counties powered the three-county total to 340 sales. That’s roughly 100 more sales than during April of 2020, around the state of the pandemic.

Also up in all three markets: The median sales price of each home sold with increases from 9.6% in Gordon County to 24.5% in Floyd County. Those prices ranged from $193,000 in Floyd to $256,000 in Bartow.

What to watch: The continung erosion of active listing. As April ended, 286 homes were available; the county-by-county percentage drop ranged from 55.2% to 60.7%

The data is courtesy of the Greater Rome Board of Realtors (courtesy of Toles, Temple & Wright Instagram post) and the Northwest Metro Association of Realtors.

Floyd County | April 2021 vs. April 2020.

  • Total single family home sales: 143 (60.7% increase)
  • Median sales price: $193,000 (24.5% increase)
  • Total active listings: 107 (60.7% decrease)

Bartow County | April 2021 vs. April 2020.

  • Total single family home sales: 148 (32.1% increase)
  • Median sales price: $256,000 (21.3% increase)
  • Average sales price: $306,000 (30.5% increase)
  • Total active listings: 133 (55.2% decrease)
  • New listings: 157 (21.7% increase)
  • Month’s Supply: 0.9 (57.4% decrease)

Gordon County | April 2021 vs. April 2020.

  • Total single family home sales: 49 (2% decrease)
  • Median sales price: $189,000 (9.6% increase)
  • Average sales price: $203,000 (14% increase)
  • Total active listings: 46 (57.4% decrease)
  • New listings: 79 (79.5% increase)
  • Month’s Supply: 0.9 (57.5% decrease)
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