Homes for sale in Cumming and Alpharetta

By
Real Estate Agent with Keller Williams Realty

Local Markets:  The saying that all real estate is local is very true, but in todays market the price of the home determines the supply of inventory of homes.  Yesterday and today I called to see if I could show a total of 11 homes in Cumming and Alpharetta, and in talking with the listing agents 4 are either under contract or have a verbal acceptance.  These homes are priced around $200K - This is the same price range as last week when I called an agent in Cumming to submit an offer and he said the home listed at $199K just went under contract.  In looking at the stats for Forsyth County it looks like in that price range there is a 5.2 month supply of homes at the end of December - that amount of supply is what I would call the right amout of property - around a 5-6 month supply is considered neither a buyers market nor a sellers market.

It would be nice to see the media pick up on that segement on the market.  I do think the lower interest rates are helping - my buyer is motivated because he locked a rate in and needs to find a home.  If you have a home to sell - call me at 770 722-7010.

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