2020 Q4 Market Report_Digital | Page 24

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

41

Total Homes
Sold

141

Total Homes for Sale
Total Homes Sold Average List Price ( 000 ) Average Sold Price ( 000 ) Average Days on Market
Months ’ Supply
41
141 $ 623 $ 507 55 1.2
120
138 $ 575 $ 477 82 3.4
-66% + 2 % + 8 % + 6 % -33% -64%
Average List Price ( 000 )
$

623

Average Sold Price ( 000 )
$

507

Average Days On Market
55
Months ’ Supply

1.2

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 .
Johns Creek | Q4 2020
ATTACHED HOMES UNDER $ 1M
Q4 2020 Q4 2019 % change
Total Homes
For Sale

0

Total Homes
Sold

30

Total Homes for Sale
Total Homes Sold Average List Price ( 000 ) Average Sold Price ( 000 ) Average Days on Market
Months ’ Supply
0
30 $ 340 $ 315 68 0.5
18
39 $ 325 $ 349 59 2.6
-100% -23% + 5 % -10% + 15 % -81%
Average List Price ( 000 )
$

340

Average Sold Price ( 000 )
$

315

23
Average Days On Market
68
Source : Trendgraphix All data believed to be accurate , but not warranted .
Months ’ Supply

0.5

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 .