Hogansville Real Estate Market Continues Weakening in Contracts

Sales fell to six homes sold in the Hogansville market over the last 30 days. Furthermore, a determined downturn in the number of pending transactions continued, with four completed in the same period. All indications show that the trend may be coming to an end, meaning more pending transactions over the next few weeks. The median sales price dropped dramatically to $69,500 over the latest reporting period for Hogansville, down from $89,500. Despite the falling contracts numbers, there are only three months of inventory remaining, indicating that Hogansville is a still seller's market.

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Demographic facts about Hogansville:

  • This area has a median house value of $67,100.
  • The area gets an average of 103 rainy days each year. (U.S. average: 100)
  • The unemployment rate is 10.1%.
  • The student-to-teacher ratio is 15.2:1. (15.3:1 = national average)

Data reported through 10/19/2016


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