Hello everyone, I'm Paul Washington, your local REALTOR® here in Cherokee County, Georgia. Today, I want to provide you with a market update for March 2024 that will help both buyers and sellers navigate the current real estate landscape.
Let's dive into the data. Currently, we are seeing a 2.02 Months Supply of Inventory in Cherokee County. This means that there is a balanced market, with enough inventory to meet buyer demand. Over the last 12 months, Months Supply of Inventory has increased by 29.49%, indicating a slight shift towards a more buyer-friendly market.
The List to Sold Price percentage in Cherokee County is an impressive 99.2%, showing that sellers are receiving offers close to their asking price. This high percentage is a positive sign for sellers looking to maximize their profits in the current market.
When it comes to the median days on market, homes in Cherokee County are selling quickly, with a median of just 16 days. This rapid turnover indicates a strong demand from buyers and a competitive market for sellers.
Finally, the median Sold Price in Cherokee County is $514,455. This figure represents the midpoint of all home sales in the area and can give both buyers and sellers an idea of the current market value of homes in Cherokee County.
Overall, the real estate market in Cherokee County, Georgia remains robust and offers opportunities for both buyers and sellers. If you are thinking about making a move in the near future, now is a great time to get in touch with a REALTOR® to discuss your options.
If you have any questions or would like more information, 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. Thank you and have a great day!