This might be a great time to list your home on the market for sale. The strongest season for homeselling, in almost 3 years, is likely just ahead. Last year, many sellers' efforts to sell their home were unsuccessful because buyers had so much to choose from. The number of homes on the market compared to the rate at which they sell is referred to as the inventory level; par is 6 months. Inventory levels in Cobb, South Cherokee and East Paulding Counties are currently around 9 months. Certainly, some price ranges have more inventory and some have less. But, compared to what we've experienced in the last 3 years, 9 months is a welcomed improvement. It means more sellers will be successful in attracting a buyer. It's with optimism, and even excitement, that I look toward this spring and summer as an opportunity to assist more sellers and buyers.
Many experts believe we are at or near the bottom of the market and forecast an upswing this year. But, home prices will not immediately re-capture lost values. This is our new norm; we build from here. A 3-4% appreciation rate can be expected as home prices increase (which is our historical average).
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