The real estate market across the country continues to balance as it recovers from the idiocy of the pandemic nonsense. The tables flipped in mid 2022 when the Fed stepped in and ended the low interest rate gravy train.
The greater Atlanta market is feeling the effects of all this, but the area is much stronger than most. The Atlanta area isn't a "zoom town", there wasn't an unfounded influx of residents. Growth here continues to be driven by strong fundamentals. The Cherokee County housing market is an integral part of that growth.
The Housing Market in Cherokee County
Cherokee County real estate remains a good value. Like all areas, home prices spiked over the last 24 months and the last 6 months are moving off the unrealistic highs. They're not crashing and there is no expectation that they will.
As the demand for homes eases, buyers can breath a bit. Sellers, always late to react, continue to list and inventory is slowly building. Based on months of inventory, home sellers in Cherokee County continue to have a slight edge over buyers. However, this is nothing like the spring of 2022.
Q4 is always the slowest quarter, Q1 the next slowest. 2023 will be a year where we see the hangover continue to clear as real estate markets return to normal. Cherokee County real estate will also balance, but the idea that there is a drastic crash inbound is not reasonable.
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