East Point GA Housing Market Trends
Real Estate Market Trends for East Point, GA. - October, 2024
Hey there, Buyers and Sellers! Let’s dive into the exciting world of East Point GA, real estate metrics and see how they all tie together.
First up, we have the Months Supply of Inventory, which is sitting at 4.51. This tells us how long it would take for all the current homes on the market to be sold at the current rate of sales. A lower number indicates a seller’s market, where demand is high and supply is low.
Next, we have the 12-Month Change in Months of Inventory, which is showing a decrease of -8.52%. This means that the market is becoming even more competitive, with homes selling faster than they were a year ago.
The Median Days Homes are On the Market is 49, which is a relatively short amount of time. This indicates that homes are selling quickly, likely due to high demand and limited inventory.
The List to Sold Price Percentage is at 97.5%, showing that homes are typically selling very close to their listing price. This is good news for sellers, as it suggests that they are getting close to their asking price.
Lastly, the Median Sold Price is $318,375. This gives us an idea of the average East Point, GA price at which homes are selling in the current market.
When we look at all of these metrics together, we can see a clear correlation: the market is hot! With low inventory, high demand, and homes selling quickly and close to their listing price, now is a great time for sellers to list their homes. And for buyers, it’s important to act fast and be prepared to make competitive offers in order to secure your dream home.
So, whether you’re looking to buy or sell, now is the time to make a move in this dynamic real estate market. Happy house hunting!
