COWETA COUNTY
Coweta County Continues to See a Sellers’ Market with a Shortage of New Listings and Prices Continuing to Increase!
Active Listings:
We have over 254 homes listed for sale during January in Coweta County which is a 4.5% decrease from this time last year. The average lists prices are up by about 20% as this time last year. Lower inventory is good for sellers because buyers are competing over fewer homes. This may be why the list price to sales price ratio is so high currently. Again, buyers, you need to present your best offer the first time. Sellers may not be willing to hassle through counter offers, especially if there’s a competing offer. As we get out of the holiday season we traditionally see things get busier and more competitive in the market so I would expect us to start seeing an increase in the number of homes being listed.
Sold Listings:
The number of homes that sold in Coweta County in January is down about 11% from the year before. One trend that continued was that the average sold price continued to increase from 2023. The average day on the market was higher then it was this time last year.
Yearly Trends I’ve Noticed:
The average days on the market have increased over the past year however we are still seeing a low amount of inventory meaning it is still more of a sellers market at the moment. Because homes are staying on the market longer buyers do have a little more time to shop around but they should keep in mind that sellers are getting asking price or extremely close to it, so they still need to put their best foot forward when making an offer.
Sellers need to consider preparing their homes for sale more then they had to previously in order to get top dollar as buyers have a little more to choose from and have more time to critique a home and don’t feel the need to put in an over priced offer because they are trying to outbid tons of other offers.
Buyers saw a slight decrease in interest rates which has been beneficial and has brought more buyers into the market which could cause us to see more solds and also more competition.
A friendly reminder is that we are entering the busier time of year for real estate. Don’t be surprised if we see the number of new listings and the number of homes sold increase some during this time.
NORTH ALTANTA
SOUTH ATLANTA
LAKE REDWINE
Extreme Shortage of Homes For Sale in Lake Redwine!!!
Active Listings:
Similar to previous months we only had 1 new home listed in January. We continue to have extremely low inventory in the neighborhood which is the same as this time last year. Lower inventory is good for sellers because buyers are competing over fewer homes. This may be why the list price to sales price ratio is so high currently. Again, buyers, you need to present your best offer the first time. Sellers may not be willing to hassle through counter offers, especially if there’s a competing offer.
Sold Listings:
The number of homes that sold in Lake Redwine is about the same as this time the previous year. The average price of homes is also about the same as this time last year, however the average days on the market has decreased, which isn’t that surprising with the lack of inventory and the continued desire to live in Lake Redwine.
Yearly Trends I’ve Noticed:
As we continue to see the number of homes available decrease we also have seen a decrease in the average number of days on the market which differs then in other parts of the county. I think it is safe to say that it is still more of a sellers market at the moment in Lake Redwine. With the shortage of inventory sellers are getting asking price or extremely close to it, so buyers still need to put their best foot forward when making an offer. For sellers it is the perfect time to sell!
GENERAL INFORMATION
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Disclaimer: All figures given here are based on information from Georgia MLS Real Estate Services. Data is for informational purposes only and may not be completely accurate due to MLS reporting processes. Therefore, we cannot guarantee accuracy. This data reflects a specific point in time, and cannot be used in perpetuity due to the fluctuating nature of markets.