A & K Service
appen grocery
Krogh-Built Cabinetry
appen dec 2010 Duplicate

Homes in Roswell selling 37 percent faster


March 11, 2013
As home inventories continue to decline, home sales in Roswell stay strong. Year-to-date, single family homes in Roswell sell in 97 days, which is an improvement over the same period last year by 37 percent.

Currently, there is just over three months of inventory available, which places Roswell firmly in a sellers' market. When the supply falls that low, more home buyers compete for a fewer number of homes, resulting in competition and multiple offers. This, in turn, results in sales price increases.

Show me the money

Year-to-date, the average sales price of single family homes in Roswell has jumped from $277,000 last year to over $338,000. However, an increase of high priced home sales can skew this number, making that jump seem large, so looking at the median sales price would offer a more realistic view of sales prices.

The median sales price jumped from a little over $247,000 to $295,000 still a hefty 19 percent jump from one year ago.

Seller opportunity

While there is some new construction in Roswell, the majority of the available inventory is resale. With fewer distressed sales to compete with and limited new construction, many home owners in Roswell may find themselves in a place where their market value has risen enough to sell where a year or more ago this wasn't an option.

Bob Strader is a local realtor with The NORTH Group of Keller Williams Realty. More information can be found on his blogs liveincumming.com or liveinalpharetta.com or email him: info@thenorthgroup.com.

Bob Strader is a local realtor with the NORTH Group of Keller Williams Realty. Visit his blogs liveincumming.com or liveinalpharetta.com or email him: info@thenorthgroup.com.
printPrint
emailEmail Link
CommentFeedback
shareShare

Tags: Business News, Community & Outreach

READER COMMENTS Submission
When posting feedback please be respectful. Be nice. :
* required value
Your Name*

Town*

Email (not shown on website)*

Subject*

Comment*

Verification*
Identify the animal




Coldwell Banker
GoWaiter.com
RECENT CLASSIFIEDS
Furniture

Dining Room Table - 6 Chairs

July 24, 2014 | 08:49 PM
Dining Room Table, 6 Chairs »
Furniture

Sofa and Love Seat - Beautiful !

July 24, 2014 | 08:21 PM
Almost brand new almost never »
Music Lessons

Piano and Harp lessons

July 24, 2014 | 07:46 PM
I offer Piano and Harp lessons »

Georgetown Pediatrics
appen dec 2010