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The Roswell Real Estate Market Moving Faster Than Surrounding Areas
By Ryan Ward | December 12, 2007
The news for the real estate market in Roswell, at least for sellers, is quite bright and considerably better than some of the surrounding areas. The leading indicator for Roswell real estate is the absorption rate, which currently stands at about 8 months. This is lower than Alpharetta, Sandy Springs and Milton. It’s half of the absorption rate in John’s Creek.
* The absorption rate is a statistic that measures the estimated time it would take to sell all active listings at the current rate homes are selling.
| Average Sales Price | $359,218 |
| Sales Price/List Price | 95.5% |
| Average List Price | $374,688 |
| List Price/Original Price | 98.2% |
| Average Original Price | $381,663 |
| Average Days On Market | 76 |
| Active Listings | 778 |
| Pending and Contingent Homes | 96 |
| Sold Last 30 Days | 72 |
| Sold Last 90 Days | 284 |
| Absorption Rate (Last 90 Days) | 8.2 Months |
Also important to note is the average days on the market for homes to sell in Roswell is 76 days. Again, lower than surrounding areas considerably which are all taking over 3 months on average to sell. The faster sales times are keeping inventory lower as reflected in the absorption rate.
All in all, Roswell appears to have a better market for sellers than the rest of North Fulton. These statistics are too broad for an individual seller to gauge the market by, but, they do provide insight into where the market is heading. For Roswell, these statistics indicate that it is heading out of the buyers market. Read: Heading out of a buyers market. It is still a buyers market.
Contact us with any specific questions about your particular market and we can help you position your home for sale with the high profile internet marketing that we provide to all of our clients.
Topics: Roswell Real Estate |
