▶️Full Video: https://youtu.be/f59hlLzK288?si=lpwAlVaANrggxZtc
Today, I wanted to take a few minutes to provide you with an update on our local real estate market.
Let's start by talking about the Months Supply of Inventory. Currently, we have a 1.47 months supply of inventory in Cobb County. This means that, based on the current rate of sales, it would take approximately 1.47 months to sell all the homes on the market if no new listings were added. Over the last 12 months, we've seen a significant increase of 16.67% in the Months Supply of Inventory.
Moving on to the List to Sold Price percentage. In Cobb County, the List to Sold Price percentage is an impressive 98.5%. This means that, on average, sellers are receiving 98.5% of their asking price when their homes are sold. It's a great time to be a seller in our market!
Now, let's talk about the median days on market. Currently, homes in Cobb County are spending an average of just 23 days on the market before they're sold. This is a testament to the strong demand we're seeing from buyers. If you're a seller, this means that your home has the potential to sell quickly in our market.
Finally, let's discuss the median sold price in Cobb County. As of January 2024, the median sold price stands at $447,000. This figure represents the midpoint of all the homes sold in our market, indicating a healthy and thriving real estate environment.
Whether you're a buyer or a seller, it's important to stay informed about the local market conditions. By keeping track of key statistics like the Months Supply of Inventory, List to Sold Price percentage, median days on market, and median sold price, you can make more informed decisions when it comes to buying or selling a home.
Thank you for visiting my Blog. If you have any questions about the current market or if you're thinking about buying or selling a home in Cobb County, please don't hesitate to reach out to me. I'm here to help you navigate the real estate landscape and achieve your goals.
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