The average sales price in Forsyth County is up 12 percent over last November to $277,116 and up 13 percent in North Fulton to $411,218.
Additionally, the average days-on-market is down 35 percent in Forsyth County and 38 percent in North Fulton.
So, on average, homes are selling for more than last year and selling more quickly.
Sales prices have shown strong improvement all year and will continue to make gains next year, but those gains will not be quite as robust with the additional inventory we'll see from new home building and with more sellers having crossed over the negative equity threshold into positive territory.
Ultimately, this will be a good thing as a balanced market is a healthy market.
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: firstname.lastname@example.org.