This is our May 2018 Real Estate Sales Report for Woodstock, Georgia.
The data for the month of May shows us an extremely active real estate market in Woodstock, displaying an active and thriving housing market: the number of new listings was up by 8%, the number new pending listings was up by 12.4%, and the number of closed sales increased by a staggering 21.6%! 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 EIGHT, which is a 5-year low for May.
Despite all the hustle and bustle of the active market, the total number of active listings remain at 378, which is another 5-year low for the month of May. It would make sense to assume the low inventory would be driving home prices up, but the median sold price actually dropped just slightly to $269,950, which is 1.9% lower than it was last month. That’s 5.9% higher than it was this time last year however, a clear indicator of the overall upward trend for home values in Woodstock.
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!
There’s even more interesting details in the full report. To view the full May 2018 real estate sales 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.