Hello everyone, I'm Paul Washington, a REALTOR® here in Cobb County, Georgia. Today, I'll be giving you a market update for March 2024.
Let's dive right into the data. Currently, we have a 1.64 Months Supply of Inventory in Cobb County. This means that at the current sales pace, it would take 1.64 months to sell all the homes on the market. Over the last 12 months, we've seen a 28.13% increase in Months Supply of Inventory, indicating a trend towards a more balanced market.
The List to Sold Price percentage is an impressive 99.7%, showing that sellers are getting very close to their asking price. This is great news for sellers in Cobb County.
The median days on market is just 15 days, showing that homes are selling quickly in our area. This is a clear indicator of high demand and a competitive market for buyers.
Lastly, the median sold price in Cobb County is $450,000. This is a strong number and shows that our market remains stable and desirable for both buyers and sellers.
Overall, Cobb County continues to be a sought-after location with strong market fundamentals. Whether you're looking to buy or sell, now is a great time to make a move in our market.
Thank you for tuning in to this market update. If you have any questions or are interested in buying or selling in Cobb County, please feel free to reach out to me at 404-317-5556 or washingtonteam@kw.com. Remember, I'm here to help you make informed decisions in today's real estate market. . Until next time, happy house hunting!
