This is our May 2017 Real Estate Sales Report for Kennesaw, Georgia.
Home prices have been a rollercoaster ride in Kennesaw for the last 6 or 7 months, dropping just below $200k briefly in January only to climb all the way up to nearly $250k by March! Although April’s report showed a lull in home prices, May’s increases has us at a nice middle ground, hovering right at $235k.
The number of new listings in May increased by 32%, and although that sounds like a lot, it’s likely just pent up inventory to compensate for the decreases in April. The number of closed sales continues to rise, up by 7.9% for May, while the median number of days to contract for a listing is still at 10, a record low for Kennesaw and also lower than any of the nearby areas!
Low inventory and high prices won’t last forever, so if you’re thinking of selling your Kennesaw home, now is the time! Consider using 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.
For more details, be sure to download the full report! To view the full real estate sales report for May 2017 for Kennesaw GA, please click here.
Call us today if you have a question about this report or are thinking of selling or buying a home in Kennesaw GA. And, if you’d like to have a market report for a different city, we’d be glad to provide it.