Here’s the Cherokee County GA Real Estate Sales Report for July 2019. This report gives detailed real estate market data for Cherokee County in July 2019.
The Cherokee County real estate market was a bit busier in July than it was in June; the number of new listings increased by 3.6%, the number of pending sales increased by 8.1%, and the number of closed sales increased by 4.3%. The activity in the market brought about some declining figures for housing inventory, where we saw the inventory of homes for sale fall by 5%, and the months supply of inventory fall by 3.2%.
As is sometimes expected with reduced inventory, the Cherokee County home prices are on the rise! The median sales price rose 10.7% to $310,000, while the average sales price rose 14.1% to $345,845. Surprisingly, there was also a 13.5% rise in the number of days on market until sale, a data point that is typically inverse of sales price data.
There’s even more interesting details in the full report. To view the full July 2019 real estate sales report for Cherokee County, GA, just click here.
If you’ve been thinking about selling your home, try our Home Value Tool for a report on your home’s current market value, check out our Home Sold Guarantee, or learn more about selling your home. We’re here to help!
Call us today if you have a question about this report or are thinking of selling or buying a home in Cherokee County, GA. And, if you’d like to have a market report for a different county, we’d be glad to provide it.