This is our May 2018 Real Estate Sales Report for Kennesaw, Georgia.
The month of May gave us an extremely active real estate market in Kennesaw, displaying an active and thriving housing market: the number of new listings was up by 16.9%, the number new pending listings was up by .5%, and the number of closed sales increased by a staggering 28.8%! The report shows not only a lot of activity, but also how fast that activity can occur; the median number of days to contract was only SEVEN, which is a May 5-year low.
Despite all the hustle and bustle of the active market, the total number of active listings remain at 276, which is a 5-year low for May. One would think that low inventory would be driving home prices up, but the median sold price actually dropped just slightly to $250,000, which is 2.7% lower than it was last month. That’s 6.4% higher than it was this time last year however, a clear indicator of the overall upward trend for home values in Kennesaw.
If you are thinking of selling your home, feel free to use our Home Value Tool for a free 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 real estate market report! To view the full real estate sales report for May 2018 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.