This is our November 2016 Real Estate Market Report for Acworth, Georgia.
The biggest news in Acworth’s real estate market report for November is that median sold prices appear to be rebounding; they’re up 5.5% from the previous month, and up 10.3% above median sold prices from November of last year. However, the number of closed sales decreased by 14.5%, continuing on the downward trend for the 4th month in a row. The decline in closed sales around the holidays is typical, but there was 8.1% fewer closings last month compared to November 2015.
Looking at the 5-year averages for days to contract and list-to-sold price ratio shows good news for sellers. The median number of days to contract is at a 5-year low of 28 days, while the average list-to-sold price ratio is at a 5-year high of 100.7%.
There are many more details in the full real estate market report. To view the full Acworth Market Report for November 2016, click here.
Call us today if you have a question about this report or are thinking of selling or buying a home in Acworth. And, if you’d like to have a market report for a different city, we’d be glad to provide it.