The real estate market is always changing. As with any other industry, it is a moving target that requires constant evolution and adaptation to stay competitive. This is true for home staging as well and in a recent poll by Zillow, Macon real estate agents identified the most popular home selling trends in the area. Whether you are thinking about selling your home soon or just curious about what other agents are recommending right now, these insights will give you some insight into how the real estate market is changing and what impact these changes might have on you as a home seller. Below you will find some useful statistics and statistics about home staging in Macon, GA compiled from the Zillow Staging Report for the past year. See what trends you can expect to see more of in 2018 based on these numbers!
What percentage of homes are for sale in Macon?
According to Zillow, there are approximately 3,000 homes for sale in Macon right now. This is about 10% of the total number of homes in the city. You can compare this to the percentage of homes that are listed for sale in other cities in the state. In Atlanta, there are about 10,000 more homes for sale than there were a year ago. In August, the number of homes listed for sale was 8,932. While this is still significantly less than the peak of over 11,000 homes listed during the summer of 2016, it is an improvement from 2016 and 2017 when there were fewer homes for sale than today.
What is the average home price in Macon?
Zillow’s Home Value Index (HVI) currently estimates that the average home price in Macon is $150,000. This is a drop of more than $10,000 from the peak of $169,100 in June of 2016. It is also much lower than the average home price in the state of Georgia which is $252,000. The average home price in Macon has dropped every month since May of last year when the HVI estimated that the average home price was $170,500. The HVI is an estimate of what the average home price should be in a given month. It is based on the latest data available at the time of publication. If you are looking to sell your home soon, now might be a good time to set the price based on these numbers.
What is the average days on market in Macon?
The average days on market in Macon is 49 days. This is a significant drop from the average days on market of 59 days in August of 2017. It is also much lower than the average days on market in the state of Georgia which is 56 days. The reason for the drop in days on market can be attributed to a higher number of homes going up for sale in Macon in the last year. The number of homes on the market in Macon dropped from 3,150 in August 2016 to 2,984 in August 2017. While the number of homes for sale has decreased, the number of homes sold has increased. This means that homes are spending less time on the market without seeing an increase in sales. This is a positive sign for sellers. It suggests that the real estate market in Macon is moving towards a balanced market where supply and demand are in equilibrium.
What is the average price per square foot in Macon?
The average price per square foot of homes listed in Macon is $88. This is much lower than the average price per square foot of homes listed in the rest of the state of Georgia which is $175. Additionally, the average price per square foot in Macon has dropped every month since May of last year when the average price per square foot was $79. The average price per square foot is a useful statistic when comparing properties. It tells you how much a square foot of space in a home would be worth if it were for sale. If the average price per square foot in Macon is $88, this means that a square foot in a home in Macon would be worth $88.
Are there any other trends in Macon?
The most popular home selling trends in Macon right now include:- Freshly painted and fresh new flooring. This trend has been popular since 2012 when it was cited by only 13% of real estate agents. Now it is mentioned by 30% of real estate agents.- Lighting, window coverings and decluttering. These are also fairly new trends that are currently being discussed by 35% of the real estate agents. These are important factors to consider when staging your home for sale. You should use these tips when deciding what to bring to your home to make it look more appealing to prospective buyers.- Additions/remodels/new construction. This has been a consistently popular trend in Macon since 2013 when it was cited by 16% of real estate agents. It is currently being discussed by 20% of real estate agents.
Conclusion
The real estate market in Macon has seen significant changes in the last year with a drop in the number of homes for sale and an increase in the number of homes sold. This is an encouraging sign for home sellers. It shows that the market is moving towards a balanced state where demand and supply are in equilibrium. The average days on market and the average price per square foot have both dropped, which indicate that the market is becoming more efficient. In addition, new home selling trends like fresh paint, fresh new flooring, lighting, window coverings and decluttering are being used to make homes look more appealing to potential buyers. This is a positive trend for sellers as it can help sell their homes faster at a higher price. The trends in Macon are consistent with similar trends in other markets across the country. They show that home sellers should expect competition and should be prepared to work hard to make their home stand out in the crowd.