Hello, everyone! We have an exciting market update for all the buyers and sellers in our vibrant community of Johns Creek, Georgia.
As of August 2023, our real estate market is showing some impressive numbers. Let's dive right in!
Currently, we have a healthy 1.77 months' supply of inventory. This means that if no new properties were listed, it would take just under two months to sell out our entire housing stock. This figure is a crucial indicator of market activity, and it's worth noting that over the last 12 months, our Months Supply of Inventory has decreased by an impressive 29.2 percent.
Now, let's talk about the List to Sold Price percentage. This is an essential factor for both buyers and sellers. Currently, the List to Sold Price percentage is at 101.2 percent. This means that, on average, homes are selling slightly above their list price. Sellers can take advantage of this trend, while buyers should be prepared to make competitive offers.
Another exciting statistic is the median days on the market, which is just 6 days. That's right, properties in Johns Creek, Georgia, are selling incredibly fast! This swift pace indicates a high demand for homes in our area and highlights the urgency for buyers to act promptly and sellers to list their properties with confidence.
Last but certainly not least, let's discuss the median sold price. Currently, the median sold price in Johns Creek stands at an impressive $590,000. This figure represents the midpoint of all the properties sold in our area, and it's a strong testament to the value and desirability of our community.
So, whether you're a buyer or seller, these numbers indicate an exciting market that demands attention. If you're considering buying or selling a home in Johns Creek, Georgia, now is the time to take action and reach out to Cox Brokers. We have the expertise, knowledge, and dedication to guide you through this ever-evolving real estate landscape.
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