This is our November 2016 Real Estate Market Report for Woodstock, Georgia.
As expected nearing the holidays, the number of new listings and closed sales declined by 31.5% and 6% respectively. This is due partially to the fact that there are fewer buyers and sellers in the market during the holiday months, but the number of closed sales has been steadily declining for 5 consecutive months. The declining numbers of closed sales usually means that there is a lack of buyers in the market, and that generally causes home prices to decline in response to the reduced demand, but this is not the case in Woodstock! The median sold price increased by .9% despite the reduction in closings, which is likely due to the 5-year low in inventory of active listings, at 376.
There are many more details in the full real estate market report. To view the full November 2016 real estate market report for Woodstock, GA, just click here.
Call us today if you have a question about this report or are thinking of selling or buying a home in Woodstock, GA. And, if you’d like to have a market report for a different city, we’d be glad to provide it.