Cobb County home sales continue to climb at a modest, yet sustainable pace.
We continue to see gains in the average sold price, although I do think that the resurgence of new construction sales have helped boost the average, existing home sale prices have increased moderately.
There has been an increase of 6% in closed units for the month of November 2014 compared to November 2013.
We have a 6 month supply of inventory available on the Cobb County housing market. This represents a fairly balanced market between buyers and sellers.
Homes above the FHA loan limit of $320,850 are taking longer to sell and we see an unbalanced market where supply outweighs demand in the higher price ranges. At $400,000 there is a 9 month supply of inventory and over $800,000 we are at 18 months.
For more information on buying or selling a home in Cobb County, Georgia, visit my website, search the MLS, find a Cobb County home loan and more!
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