Hey there, I'm Paul Washington, your local REALTOR® here in Cobb County. Today, I wanted to give you all a market update for May 2024. Whether you're looking to buy or sell, this information will be crucial for you to make informed decisions.
Let's dive right in. Currently, we have a 2.17 Months Supply of Inventory in Cobb County. This means that if no new homes were listed, it would take just over 2 months to sell all the homes on the market. Over the last 12 months, we've seen a 63.16% increase in Months Supply of Inventory, indicating a slight shift towards a more balanced market.
Now, let's talk about List to Sold Price percentage. In Cobb County, homes are selling for an average of 99.7% of their list price. This shows that sellers are pricing their homes competitively and buyers are willing to pay the asking price.
When it comes to the median days on market, homes in Cobb County are selling fast. The median days on market is just 11 days, which is a testament to the high demand for homes in the area.
And finally, the median sold price in Cobb County is $490,000. This is a strong indicator of the overall health of the market and shows that home values are holding steady.
So, whether you're looking to buy or sell in Cobb County, now is a great time to make a move. If you have any questions or need assistance navigating the market, feel free to reach out to me. I'm here to help.
Thanks for tuning in and happy house hunting!