Market Intelligence MARCH 2023 ATLANTA Velocity Real Estate 20 23
Who would have predicted that a worldwide health pandemic would lead to a white-hot real estate market in the US? Probably no one, but it happened As we welcome 2023, we can say the white-hot market has passed
The buzzword for 2022 was INFLATION! It caused the pendulum to swing in the other direction as we saw the Fed manipulate rates to control it The Fed's response to increasing interest rates slowed down buyer demand. However, per the months of supply metric, we are still not in a buyer's market yet for the following reasons:
1) stabilizing new norms on interest rates
2) reduced inventory across most submarkets
3) historically low foreclosure numbers, and
4) a good job market
With these factors in play, we are in a market that has put price increases in check and allows buyers to ask for reasonable concessions
In short, whether you are buying a primary residence, a second home, or an investment property, you will be working in a SHIFTING MARKET This means that information will be critical to your decision-making We are sharing the stats on the market from the last quarter of 2022 in the areas we work most frequently
Use these numbers to guide your thoughts if a real estate purchase is in your future over the next six months. We would like to be the trusted advisor who assists you in the sale or purchase of real estate in Atlanta
We look forward to putting our years of experience and ability to read the numbers to work for you!
Itanza Sewell Managing Broker
Itanza Sewell
Office: 678-278-9798
Velocity Real Estate LLC VELOCITY-RE.COM
YEAR END MARKET INTELLIGENCE REPORT
VELOCITY REAL ESTATE
Discover your place to call home.
ALPHARETTACANTON -
HEIGHTS
RIVERDALE
UNION CITY
FAYETTEVILLE
PEACHTREE CITY
Sources: FMLS (First Multiple Listing Services) and Realtors Property Resource® LLC. Most recent twelve months through March 2022. Data deemed reliable but not guaranteed
CASCADE
CUMMINGDUNWOODYHOLLY SPRINGSMILTONNORTH BUCKHEADROSWELLSANDY SPRINGSWOODSTOCK -
VELOCITY REAL ESTATE
MARKET ACTIVITY
Table of Contents
Inventory and Months' Supply
The indicator of inventory levels (months' supply) is a measure of housing availability The higher inventory levels (Buyers' Market), the more homes there are on the market for sale, while lower inventory levels (Sellers' Market) mean you might have trouble finding what your heart desires.
VELOCITY REAL ESTATE
MARKET ACTIVITY
Market Snapshot
Average Sales Price $536,948(Detached)
1.7
DETACHED HOMES - SOLD LAST SIX MONTHS (SELLERS' MARKET)
CATEGORY $0$188,999 $189,000$379,999 $380,000$574,999 $575,000 + AVG TOTALS ACTIVE LISTINGS 1 1 1 15 20 MONTHS OF SUPPLY 0.8 0.5 3 2.5 1.7 AVG DAYS ON MARKET 0 23 60 36 42 AVG SALES PRICE $0 $351,525 $470,074 $676,541 $536,948 SIX MONTHS CLOSINGS 0 12 21 26 59 ANNUAL CLOSINGS 4 19 84 65 172
MARKET INTELLIGENCE REPORT Market Intelligence | Page 6
ALPHARETTA
DETACHED
Average Sales Price $255,000(Attached) -0 MONTHS OF SUPPLY ATTACHED
MONTHS OF SUPPLY
ALPHARETTA
ATTACHED HOMES - SOLD LAST SIX MONTHS (SELLERS' MARKET)
EACH DATA POINT BELOW IS ONE MONTH OF ACTIVITY (ALL PROPERTY TYPES)
Sale To List Price Ratio
DOM
Per Sq Ft
+101.40% 22 -$207 New Listings Pending Sales 10 7
MARKET INTELLIGENCE REPORT CATEGORY $0$188,999 $189,000$379,999 $380,000$574,999 $575,000 + AVG TOTALS ACTIVE LISTINGS 0 0 0 0 0 MONTHS OF SUPPLY 0 0 0 0 0 AVG DAYS ON MARKET 51 0 0 0 51 AVG. SALES PRICE $255,000 $0 $0 $0 $255,000 SIX MONTHS CLOSINGS 2 0 0 0 2 ANNUAL CLOSINGS 4 2 4 0 10 Market Intelligence | Page 7
Cumulative
Price
Market Snapshot
Average Sales Price $528,043 (Detached)
2
DETACHED MONTHS OF SUPPLY
Average Sales Price $362,572 (Attached) -2.8 MONTHS OF SUPPLY ATTACHED
DETACHED HOMES - SOLD LAST SIX MONTHS (SELLERS' MARKET)
CATEGORY $0$228,999 $229,000$328,999 $329,000$452,999 $453,000 + AVG TOTALS ACTIVE LISTINGS 5 12 45 207 284 MONTHS OF SUPPLY 2.5 1.3 1 2.4 2 AVG. DAYS ON MARKET 69 54 44 41 44 AVG. SALES PRICE $180,912 $285,786 $396,175 $662,412 $528,043 SIX MONTHS CLOSINGS 17 64 242 395 718 ANNUAL CLOSINGS 31 124 595 1016 1766
MARKET INTELLIGENCE REPORT Market Intelligence | Page 6
CANTON
CANTON
ATTACHED HOMES - SOLD LAST SIX MONTHS (SELLERS' MARKET)
EACH DATA POINT BELOW IS ONE MONTH OF ACTIVITY (ALL PROPERTY TYPES)
MARKET INTELLIGENCE REPORT CATEGORY $0$228,999 $229,000$328,999 $329,000$452,999 $453,000 + AVG TOTALS ACTIVE LISTINGS - 2 6 16 25 MONTHS OF SUPPLY - 0.4 1.9 7.5 2.8 AVG. DAYS ON MARKET - 28 30 67 35 AVG. SALES PRICE - $286,483 $379,692 $583,016 $362,572 SIX MONTHS CLOSINGS 0 29 13 9 51 ANNUAL CLOSINGS 0 63 34 19 116 Market Intelligence | Page 7
Sale To List Price Ratio Cumulative DOM Price Per Sq Ft
98.5% 60 +$202 New Listings Pending Sales +218 +153
CASCADE HEIGHTS
Average Sales Price $462,500(Detached)
Average Sales Price $0 (Attached) 0
DETACHED HOMES - SOLD LAST SIX MONTHS (SELLERS' MARKET)
CATEGORY $0$98,999 $99,000$209,999 $210,000$288,999 $289,000 + AVG TOTALS ACTIVE LISTINGS 0 0 0 1 1 MONTHS OF SUPPLY - - - 0.8 0.8 AVG. DAYS ON MARKET - - - 67 67 AVG. SALES PRICE - - - $462,500 $462,500 SIX MONTHS CLOSINGS 0 0 0 2 2 ANNUAL CLOSINGS 0 0 0 6 6
MARKET INTELLIGENCE REPORT Market Intelligence | Page 6
MONTHS
DETACHED MONTHS
Market Snapshot SUPPLY
OF SUPPLY ATTACHED
OF
-.8
CASCADE HEIGHTS
ATTACHED HOMES - SOLD LAST SIX MONTHS (SELLERS' MARKET)
EACH DATA POINT BELOW IS ONE MONTH OF ACTIVITY (ALL PROPERTY TYPES)
MARKET INTELLIGENCE REPORT CATEGORY $0$98,999 $99,000$209,999 $210,000$288,999 $289,000 + AVG TOTALS ACTIVE LISTINGS 0 0 0 0 0 MONTHS OF SUPPLY - - - -AVG DAYS ON MARKET - - - -AVG SALES PRICE - - - -SIX MONTHS CLOSINGS 0 0 0 0 0 ANNUAL CLOSINGS 0 1 0 0 0 Market Intelligence | Page 7
To List Price Ratio Cumulative DOM Price Per Sq Ft
+35 +$165 New Listings Pending
Sale
+83.3%
Sales 0 +1
Market Snapshot
Average Sales Price $580,573(Detached)
1.2
Average Sales Price $402,581(Attached) -1.6
DETACHED HOMES - SOLD LAST SIX MONTHS (SELLERS' MARKET)
CATEGORY $0$245,999 $246,000$353,999 $354,000$478,999 $479,000 + AVG TOTALS ACTIVE LISTINGS 0 7 22 202 247 MONTHS OF SUPPLY - 05 05 14 12 AVG DAYS ON MARKET 40 31 31 38 36 AVG SALES PRICE $179,900 $306,287 $416,790 $687,803 $580,573 SIX MONTHS CLOSINGS 16 77 229 606 928 ANNUAL CLOSINGS 29 184 538 1808 2559
MARKET INTELLIGENCE REPORT Market Intelligence | Page 6
CUMMING
MONTHS
DETACHED
OF SUPPLY ATTACHED
MONTHS OF SUPPLY
CUMMING
ATTACHED HOMES - SOLD LAST SIX MONTHS (SELLERS' MARKET)
EACH DATA POINT BELOW IS ONE MONTH OF ACTIVITY (ALL PROPERTY TYPES)
MARKET INTELLIGENCE REPORT CATEGORY $0$245,999 $246,000$353,999 $354,000$478,999 $479,000 + AVG TOTALS ACTIVE LISTINGS 0 3 12 19 34 MONTHS OF SUPPLY - 0.5 1.3 3.2 1.6 AVG DAYS ON MARKET 0 26 37 23 30 AVG SALES PRICE $0 $307,461 $402,747 $531,653 $402,581 SIX MONTHS CLOSINGS 0 34 44 25 103 ANNUAL CLOSINGS 1 73 126 67 267 Market Intelligence | Page 7
Sale To List Price Ratio Cumulative DOM Price Per Sq Ft
New Listings Pending Sales +284 +219
+99% -52 +$208
DUNWOODY
Market Snapshot
Average Sales Price $659,598(Detached)
Average Sales Price $410,483(Attached) -0.6 MONTHS OF SUPPLY ATTACHED
DETACHED HOMES - SOLD LAST SIX MONTHS (SELLERS' MARKET)
CATEGORY $0$311,999 $312,000$468,999 $469,000$574,999 $575,000 + AVG TOTALS ACTIVE LISTINGS 0 3 3 13 19 MONTHS OF SUPPLY 0 22 05 07 07 AVG DAYS ON MARKET 3 22 30 25 26 AVG SALES PRICE $308,500 $397,040 $525,964 $763,886 $659,598 SIX MONTHS CLOSINGS 1 9 39 76 125 ANNUAL CLOSINGS 2 17 82 221 322
MARKET INTELLIGENCE REPORT Market Intelligence | Page 6
DETACHED MONTHS OF SUPPLY -0.7
DUNWOODY
ATTACHED HOMES - SOLD LAST SIX MONTHS (SELLERS' MARKET)
EACH DATA POINT BELOW IS ONE MONTH OF ACTIVITY (ALL PROPERTY TYPES)
INTELLIGENCE REPORT CATEGORY $0$311,999 $312,000$468,999 $469,000$574,999 $575,000 + AVG TOTALS ACTIVE LISTINGS 3 1 1 0 6 MONTHS OF SUPPLY 0.9 0.3 0.6 - 0.6 AVG DAYS ON MARKET 35 48 29 8 34 AVG SALES PRICE $258,773 $369,831 $527,667 $641,357 $410,483 SIX MONTHS CLOSINGS 11 16 6 7 40 ANNUAL CLOSINGS 32 46 23 17 118 Market Intelligence | Page 7
MARKET
Sale To List Price Ratio Cumulative DOM Price Per Sq Ft +100.6% 45 $237 New Listings Pending Sales +43 34
-1 Average Sales Price $363,000(Detached)
HOLLY SPRINGS DETACHED MONTHS OF SUPPLY
Average Sales Price $487,538(Attached)
CATEGORY $0$311,999 $312,000$354,999 $355,000$413,999 $414,000 - + AVG TOTALS ACTIVE LISTINGS 0 0 0 3 3 MONTHS OF SUPPLY 0 0 0 09 1 AVG. DAYS ON MARKET 0 56 42 41 43 AVG SALES PRICE 0 $0 $363,000 $0 $363,000 SIX MONTHS CLOSINGS 0 2 2 12 16 ANNUAL CLOSINGS 0 2 3 30 35
MARKET INTELLIGENCE REPORT Market Intelligence | Page 6
Market Snapshot 0 MONTHS OF SUPPLY ATTACHED
DETACHED HOMES - SOLD LAST SIX MONTHS (SELLERS' MARKET)
HOLLY SPRINGS
ATTACHED HOMES - SOLD LAST SIX MONTHS (SELLERS' MARKET)
EACH DATA POINT BELOW IS ONE MONTH OF ACTIVITY (ALL PROPERTY TYPES)
MARKET INTELLIGENCE REPORT CATEGORY $0$311,999 $312,000$354,999 $355,000$413,999 $414,000 - + AVG TOTALS ACTIVE LISTINGS 0 0 0 0 0 MONTHS OF SUPPLY 0 0 0 0 0 AVG DAYS ON MARKET 0 0 10 0 10 AVG SALES PRICE 0 341,703 $386,828 528,628 $487,538 SIX MONTHS CLOSINGS 0 0 1 0 1 ANNUAL CLOSINGS 0 0 1 0 1 Market Intelligence | Page 7
Cumulative DOM Price Per Sq Ft
New
Pending
Sale To List Price Ratio
97.6% -67 +$209
Listings
Sales +6 +7
MILTON
Average Sales Price $1,301,474(Detached)
3.3
DETACHED MONTHS OF SUPPLY
Average Sales Price $625,818(Attached) -2 MONTHS OF SUPPLY ATTACHED
DETACHED HOMES - SOLD LAST SIX MONTHS (SELLERS' MARKET)
CATEGORY $0$477,999 $478,000$739,999 $740,000$1,024,999 $1,025,000 + AVG TOTALS ACTIVE LISTINGS 0 12 9 62 85 MONTHS OF SUPPLY - 47 14 41 33 AVG DAYS ON MARKET 14 41 41 32 34 AVG SALES PRICE $395,833 $639,100 $863,897 $1,751,707 $1,301,474 SIX MONTHS CLOSINGS 9 10 29 61 109 ANNUAL CLOSINGS 22 28 68 203 321
Market Snapshot MARKET INTELLIGENCE REPORT Market Intelligence | Page 6
MILTON
ATTACHED HOMES - SOLD LAST SIX MONTHS (SELLERS' MARKET)
EACH DATA POINT BELOW IS ONE MONTH OF ACTIVITY (ALL PROPERTY TYPES)
+98.7% 54 $291 New Listings Pending Sales +61 +32
MARKET INTELLIGENCE REPORT CATEGORY $0$477,999 $478,000$739,999 $740,000$1,024,999 $1,025,000 + AVG TOTALS ACTIVE LISTINGS 1 3 6 4 9 MONTHS OF SUPPLY 05 18 05 4 2 AVG DAYS ON MARKET 19 88 53 0 53 AVG SALES PRICE $372,771 $644,799 $807,870 $0 $625,818 SIX MONTHS CLOSINGS 7 7 9 0 23 ANNUAL CLOSINGS 21 14 20 1 56 Market Intelligence | Page 7
To List Price Ratio Cumulative DOM Price Per Sq Ft
Sale
NORTH BUCKHEAD
Average Sales Price $1,357,426(Detached)
2
DETACHED MONTHS OF SUPPLY
Average Sales Price $621,441(Attached)
3.2 MONTHS OF SUPPLY ATTACHED
DETACHED HOMES - SOLD LAST SIX MONTHS (SELLERS' MARKET)
CATEGORY $0 - $81,999 $82,000$344,999 $345,00$714,999 $715,00 + AVG TOTALS ACTIVE LISTINGS 0 0 1 12 13 MONTHS OF SUPPLY 0 0 0.9 2 2 AVG DAYS ON MARKET 0 0 20 39 35 AVG SALES PRICE 0 0 $629,250 $1,525,467 $1,357,426 SIX MONTHS CLOSINGS 0 0 6 26 32 ANNUAL CLOSINGS 0 0 11 85 96
Market Snapshot MARKET INTELLIGENCE REPORT Market Intelligence | Page 6
NORTH BUCKHEAD
ATTACHED HOMES - SOLD LAST SIX MONTHS (SELLERS' MARKET)
EACH DATA POINT BELOW IS ONE MONTH OF ACTIVITY (ALL PROPERTY TYPES)
+98.4% -45 -$346 New Listings Pending Sales +36 +26
MARKET INTELLIGENCE REPORT CATEGORY $0 - $81,999 $82,000$344,999 $345,00$714,999 $715,00 + AVG TOTALS ACTIVE LISTINGS 0 9 20 20 50 MONTHS OF SUPPLY 0 16 27 63 32 AVG DAYS ON MARKET 0 31 43 72 46 AVG SALES PRICE 0 $296,110 $451,284 $1,449,750 $621,441 SIX MONTHS CLOSINGS 0 21 28 14 63 ANNUAL CLOSINGS 0 69 86 39 194 Market Intelligence | Page 7
Sale To List Price Ratio Cumulative DOM Price Per Sq Ft
ROSWELL
Average Sales Price $689,114(Detached)
1.3
DETACHED MONTHS OF SUPPLY
Average Sales Price $449,838(Attached)
1.2 MONTHS OF SUPPLY ATTACHED
DETACHED HOMES - SOLD LAST SIX MONTHS (SELLERS' MARKET)
CATEGORY $0$298,999 $299,000$414,999 $415,000$549,999 $550,000 + AVG TOTALS ACTIVE LISTINGS 1 3 14 86 106 MONTHS OF SUPPLY 08 07 06 15 13 AVG DAYS ON MARKET 22 37 38 29 32 AVG SALES PRICE 295,000 377,702 481,271 830,951 689,114 SIX MONTHS CLOSINGS 2 34 107 237 380 ANNUAL CLOSINGS 4 69 283 676 1,032
Market Snapshot MARKET INTELLIGENCE REPORT Market Intelligence | Page 6
ROSWELL
ATTACHED HOMES - SOLD LAST SIX MONTHS (SELLERS' MARKET)
EACH DATA POINT BELOW IS ONE MONTH OF ACTIVITY (ALL PROPERTY TYPES) Sale To List Price Ratio
MARKET INTELLIGENCE REPORT CATEGORY $0$298,999 $299,000$414,999 $415,000$549,999 $550,000 + AVG TOTALS ACTIVE LISTINGS 7 3 2 13 30 MONTHS OF SUPPLY 1.1 0.6 0.3 1.5 1.2 AVG DAYS ON MARKET 16 24 37 25 26 AVG SALES PRICE 242,316 357,814 478,811 688,588 449,838 SIX MONTHS CLOSINGS 31 18 32 30 111 ANNUAL CLOSINGS 81 60 70 108 319 Market Intelligence | Page 7
Cumulative DOM Price Per Sq Ft +100%
-$221 New Listings Pending Sales +160 +117
-32
SANDY SPRINGS
Market Snapshot
Average Sales Price $1,204,996(Detached)
2.4
Average Sales Price $349,279(Attached) -1.3
DETACHED HOMES - SOLD LAST SIX MONTHS (SELLERS' MARKET)
CATEGORY 0 - $167,999 $168,000$474,999 $475,000$714,999 $715,000 + AVG TOTALS ACTIVE LISTINGS 0 0 13 68 84 MONTHS OF SUPPLY 0 0 1.5 2.7 2.4 AVG. DAYS ON MARKET 0 70 47 43 45 AVG. SALES PRICE 0 424,975 600,470 1,464,949 1,204,996 SIX MONTHS CLOSINGS 0 4 43 112 159 ANNUAL CLOSINGS 0 6 110 303 419
MARKET INTELLIGENCE REPORT Market Intelligence | Page 6
MONTHS OF SUPPLY ATTACHED DETACHED MONTHS OF SUPPLY
SANDY SPRINGS
ATTACHED HOMES - SOLD LAST SIX MONTHS (SELLERS' MARKET)
EACH DATA POINT BELOW IS ONE MONTH OF ACTIVITY (ALL PROPERTY TYPES) Sale To List Price Ratio
98.4% -49 $239
CATEGORY 0 - $167,999 $168,000$474,999 $475,000$714,999 $715,000 + AVG TOTALS ACTIVE LISTINGS 7 30 7 4 49 MONTHS OF SUPPLY 1.9 1.2 1.4 1.8 1.3 AVG DAYS ON MARKET 40 24 43 34 30 AVG SALES PRICE 138,396 278,835 585,729 831,255 349,279 SIX MONTHS CLOSINGS 25 125 31 14 195 ANNUAL CLOSINGS 50 323 91 26 490 Market Intelligence | Page 7
MARKET INTELLIGENCE REPORT
Cumulative
Price
Sq Ft
Pending
+113 +72
DOM
Per
New Listings
Sales
WOODSTOCK
Market Snapshot
Average Sales Price $460,731(Detached)
Average Sales Price $419,738(Attached) -1.7 MONTHS OF SUPPLY ATTACHED
DETACHED HOMES - SOLD LAST SIX MONTHS (SELLERS' MARKET)
CATEGORY $0$214,999 $215,000$298,999 $299,000$408,999 $409,000 + AVG TOTALS ACTIVE LISTINGS 3 3 28 111 154 MONTHS OF SUPPLY 2 0.7 0.7 1.7 1.4 AVG. DAYS ON MARKET 79 38 40 39 39 AVG. SALES PRICE $211,000 269,959 356,743 571,319 460,731 SIX MONTHS CLOSINGS 1 37 236 288 562 ANNUAL CLOSINGS 1 71 515 794 1381
DETACHED MONTHS OF SUPPLY 1.4
MARKET INTELLIGENCE REPORT Market Intelligence | Page 6
WOODSTOCK
ATTACHED HOMES - SOLD LAST SIX MONTHS (SELLERS' MARKET)
EACH DATA POINT BELOW IS ONE MONTH OF ACTIVITY (ALL PROPERTY TYPES)
MARKET INTELLIGENCE REPORT CATEGORY $0$214,999 $215,000$298,999 $299,000$408,999 $409,000 + AVG TOTALS ACTIVE LISTINGS 1 1 6 38 46 MONTHS OF SUPPLY 1 0.7 0.5 2.7 1.7 AVG DAYS ON MARKET 7 19 32 44 38 AVG SALES PRICE $201,000 275,950 365,294 474,667 419,738 SIX MONTHS CLOSINGS 1 10 61 89 161 ANNUAL CLOSINGS 1 20 133 190 344 Market Intelligence | Page 7
Sale To List Price Ratio Cumulative DOM Price Per Sq Ft +99.5% -47 $209 New Listings Pending Sales +187 +161
RIVERDALE
Market Snapshot
Average Sales Price $241,877(Detached)
2.3
Average Sales Price $177,847(Attached)
2.2
DETACHED HOMES - SOLD LAST SIX MONTHS (SELLERS' MARKET)
CATEGORY $0 -$84,999 $85,000$135,999 $136,000$179,999 $180,000 + AVG TOTALS ACTIVE LISTINGS 0 0 1 54 62 MONTHS OF SUPPLY 0 0 0.5 2.2 2.3 AVG. DAYS ON MARKET 11 27 31 36 35 AVG. SALES PRICE $82,000 $105,800 $158,900 $258,420 $241,877 SIX MONTHS CLOSINGS 1 6 13 116 136 ANNUAL CLOSINGS 2 11 25 290 328
MONTHS OF SUPPLY ATTACHED DETACHED MONTHS OF SUPPLY
MARKET INTELLIGENCE REPORT Market Intelligence | Page 6
RIVERDALE
ATTACHED HOMES - SOLD LAST SIX MONTHS (SELLERS' MARKET)
EACH DATA POINT BELOW IS ONE MONTH OF ACTIVITY (ALL PROPERTY TYPES)
MARKET INTELLIGENCE REPORT CATEGORY $0 -$84,999 $85,000$135,999 $136,000$179,999 $180,000 + AVG TOTALS ACTIVE LISTINGS 0 2 1 10 13 MONTHS OF SUPPLY 0 1.5 0.5 2.4 2.2 AVG DAYS ON MARKET 16 4 26 14 15 AVG SALES PRICE $64,167 $127,000 $165,500 $201,281 $177,847 SIX MONTHS CLOSINGS 3 2 4 21 30 ANNUAL CLOSINGS 4 3 14 48 69 Market Intelligence | Page 7
Sale To List Price Ratio Cumulative DOM Price Per Sq Ft
51
New Listings Pending Sales +46 36
96.7%
-$143
UNION CITY
Market Snapshot
Average Sales Price $241,877(Detached)
2.3
Average Sales Price $177,847(Attached)
2.2
DETACHED HOMES - SOLD LAST SIX MONTHS (SELLERS' MARKET)
CATEGORY $0$214,999 $215,000$298,999 $299,000$408,999 $409,000 + AVG TOTALS ACTIVE LISTINGS 0 0 1 54 62 MONTHS OF SUPPLY 1 0 05 22 23 AVG DAYS ON MARKET 11 22 31 36 35 AVG SALES PRICE $82,000 $105,800 $158,900 $258,420 $241,877 SIX MONTHS CLOSINGS 1 6 13 116 136 ANNUAL CLOSINGS 2 11 25 290 328
MONTHS OF SUPPLY
DETACHED MONTHS OF SUPPLY
ATTACHED
MARKET INTELLIGENCE REPORT Market Intelligence | Page 6
UNION CITY
ATTACHED HOMES - SOLD LAST SIX MONTHS (SELLERS' MARKET)
EACH DATA POINT BELOW IS ONE MONTH OF ACTIVITY (ALL PROPERTY TYPES)
MARKET INTELLIGENCE REPORT CATEGORY $0$214,999 $215,000$298,999 $299,000$408,999 $409,000 + AVG TOTALS ACTIVE LISTINGS 0 2 1 10 13 MONTHS OF SUPPLY 0 1.5 0.5 2.4 2.2 AVG DAYS ON MARKET 16 4 26 14 15 AVG SALES PRICE $64,167 $127,000 $165,500 $201,281 $177,847 SIX MONTHS CLOSINGS 3 2 4 21 30 ANNUAL CLOSINGS 4 3 14 48 69 Market Intelligence | Page 7
Sale To List Price Ratio Cumulative DOM Price Per Sq Ft 96.7% 51
New Listings Pending Sales 46 +36
+$143
FAYETTEVILLE
Market Snapshot
Average Sales Price $483,257(Detached)
2.4
Average Sales Price $608,025(Attached)
-3 MONTHS OF SUPPLY ATTACHED
DETACHED HOMES - SOLD LAST SIX MONTHS (SELLERS' MARKET)
CATEGORY $0$214,999 $215,000$298,999 $299,000$408,999 $409,000 + AVG TOTALS ACTIVE LISTINGS 3 6 19 42 74 MONTHS OF SUPPLY 3 1.5 1.3 3.8 2.4 AVG. DAYS ON MARKET 0 41 43 38 41 AVG. SALES PRICE $0 $282,115 $379,377 $728,238 $483,257 SIX MONTHS CLOSINGS 0 36 61 55 152 ANNUAL CLOSINGS 2 73 178 130 383
DETACHED
OF SUPPLY
MONTHS
MARKET INTELLIGENCE REPORT Market Intelligence | Page 6
FAYETTEVILLE
ATTACHED HOMES - SOLD LAST SIX MONTHS (SELLERS' MARKET)
EACH DATA POINT BELOW IS ONE MONTH OF ACTIVITY (ALL PROPERTY TYPES) Sale To List Price Ratio
+99.5% 69 $187 New Listings Pending Sales -44 32
MARKET INTELLIGENCE REPORT CATEGORY $0$214,999 $215,000$298,999 $299,000$408,999 $409,000 + AVG TOTALS ACTIVE LISTINGS 0 0 5 1 6 MONTHS OF SUPPLY 0 0 1.9 0.7 3 AVG DAYS ON MARKET 0 7 0 20 17 AVG SALES PRICE $0 $235,000 $0 $732,367 $608,025 SIX MONTHS CLOSINGS 0 1 0 3 4 ANNUAL CLOSINGS 3 2 0 10 15 Market Intelligence | Page 7
Cumulative DOM Price Per Sq Ft
PEACHTREE CITY
Market Snapshot
DETACHED HOMES - SOLD LAST SIX MONTHS (SELLERS' MARKET)
CATEGORY $0$214,999 $215,000$298,999 $299,000$408,999 $409,000 + AVG TOTALS ACTIVE LISTINGS 1 1 1 15 20 MONTHS OF SUPPLY 0.8 0.5 3 2.5 1.7 AVG. DAYS ON MARKET 0 23 60 36 42 AVG. SALES PRICE $0 $351,525 $470,074 $676,541 $536,948 SIX MONTHS CLOSINGS 0 12 21 26 59 ANNUAL CLOSINGS 4 19 84 65 172
Average Sales Price $255,000(Attached) 0 MONTHS OF SUPPLY ATTACHED DETACHED MONTHS OF SUPPLY 1.7 Average
$536,948(Detached)
Sales Price
MARKET INTELLIGENCE REPORT Market Intelligence | Page 6
PEACHTREE CITY
ATTACHED HOMES - SOLD LAST SIX MONTHS (SELLERS' MARKET)
EACH DATA POINT BELOW IS ONE MONTH OF ACTIVITY (ALL PROPERTY TYPES)
Sale To List Price Ratio Cumulative DOM Price Per Sq Ft +101.4% -22 $207 New Listings Pending Sales +10 7
MARKET INTELLIGENCE REPORT CATEGORY $0$214,999 $215,000$298,999 $299,000$408,999 $409,000 + AVG TOTALS ACTIVE LISTINGS 0 0 0 0 0 MONTHS OF SUPPLY 0 0 0 0 0 AVG DAYS ON MARKET 51 0 0 0 51 AVG SALES PRICE $255,000 $0 $0 $0 $255,000 SIX MONTHS CLOSINGS 2 0 0 0 2 ANNUAL CLOSINGS 4 2 4 0 10 Market Intelligence | Page 7
Market Intelligence MARCH 2023 Velocity Real Estate 20 23
Real Estate LLC. All rights reserved.
information in this document is
to be
cannot be guaranteed.
accuracy of this information should be independently verified. This market intelligence report is not an attempt to solicit your listing. Velocity Real Estate LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act.
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The
believed
reliable but
The
