Spring Real Estate Update: Woodstock and Roswell

Here at The Premier Group, our Keller Williams Realty team has the expert tools, knowledge, and experience you need to sell your home in competitive north Atlanta real estate markets like Roswell and Woodstock. According to last month’s data, it is a good time to sell your home due to a number of factors, including:

  • Supply vs. Demand: 5-6 months’ supply is considered average, with anything under 6 considered a sellers’ market. At 4.5 in Woodstock and 3.5 in Roswell, it’s clear that there is more demand than supply, making your home a hot commodity.
  • Rising prices: The scarcity mentioned above means that right now, you will get a higher selling price for your home than at the same time last year. Home prices are up 15% in Woodstock, and Roswell has seen an even more substantial increase, up a whopping $26.7% since March 2013.
  • Days on Market (DOM): Another encouraging metric for home sellers is falling DOM. Less time on the market means less hassle for you, so you can stop worrying about staging and home viewings and start enjoying your new house even sooner.

Woodstock GA Year-Over-Year Real Estate Trends

  March 2014 March 2013 Change
# Sold 108 113 -4.4%
Median Price $189,750 $165,000 +15.0%
Price per Square Foot $90 $78 +15.4%
Average Days on Market 64 70 -8.6%
Months’ Supply 4.5 3.4 +30.7%

Roswell GA Year-Over-Year Real Estate Trends

  March 2014 March 2013 Change
# Sold 142 122 +16.4%
Median Price $309,250 $244,000 +26.7%
Price per Square Foot $129 $103 +25.2%
Average Days on Market 56 84 -33.3%
Months’ Supply 3.5 4.1 -15.5%

 

If you are looking for real estate agents to sell your home in Woodstock, Roswell, Alpharetta, Marietta, Kennesaw, or Canton, contact us today!