2020 Q4 Market Report_Digital | Page 14

Cumming | Q4 2020
DETACHED HOMES UNDER $ 1M
Q4 2020 Q4 2019 % change
Total Homes
For Sale

213

Total Homes
Sold

833

Total Homes for Sale
Total Homes Sold Average List Price ( 000 ) Average Sold Price ( 000 ) Average Days on Market
Months ’ Supply
213 833 $ 492 $ 416 30 0.9
705
710 $ 452 $ 374 57 3.4
-70% + 17 % + 9 % + 11 % -47% -74%
Average List Price ( 000 )
$

492

Average Sold Price ( 000 )
$

416

Average Days On Market

30

Months ’ Supply

0.9

SELLER ’ S MARKET
0-6 Months ’ Supply
Demand exceeds supply driving home prices up , giving the seller the upper hand in negotiating .
6 Months ’ Supply
Balanced market with stable supply and demand
BUYER ’ S MARKET
6 + Months ’ Supply
Supply exceeds demand , driving home prices down , giving the buyer the upper hand in negotiating .
Source : Trendgraphix All data believed to be accurate , but not warranted .
Cumming | Q4 2020
ATTACHED HOMES UNDER $ 1M
Q4 2020 Q4 2019 % change
Total Homes
For Sale

15

Total Homes
Sold

85

Total Homes for Sale
Total Homes Sold Average List Price ( 000 ) Average Sold Price ( 000 ) Average Days on Market
Months ’ Supply
15
85 $ 349 $ 318 44 0.8
49
70 $ 313 $ 283 35 2.3
-69% + 21 % + 11 % + 12 % + 26 % -66%
Average List Price ( 000 )
$

349

Average Sold Price ( 000 )
$

318

13
Average Days On Market
44
Source : Trendgraphix All data believed to be accurate , but not warranted .
Months ’ Supply

0.8

SELLER ’ S MARKET
0-6 Months ’ Supply
Demand exceeds supply driving home prices up , giving the seller the upper hand in negotiating .
6 Months ’ Supply
Balanced market with stable supply and demand
BUYER ’ S MARKET
6 + Months ’ Supply
Supply exceeds demand , driving home prices down , giving the buyer the upper hand in negotiating .