2020 Q4 Market Report_Digital | Page 47

DETACHED HOMES OVER $ 1M
ATTACHED HOMES UNDER $ 1M
Cumming | Q4 2020
Q4 2020 Q4 2019 % change
Total Homes for Sale
Total Homes Sold Average List Price ( 000 ) Average Sold Price ( 000 ) Average Days on Market
Months ’ Supply
14
18 $ 1,537 $ 1,284 34 3.5
20
3 $ 1,598 $ 1,149 165 20.6
-30% + 500 %
-4% + 12 % -79% -83%
Total Homes
For Sale

14

Total Homes
Sold

18

Average List Price ( 000 )
$

1,537

Average Sold Price ( 000 )
$

1,284

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 .
Average Days On Market
34
Months ’ Supply

3.5

Source : Trendgraphix All data believed to be accurate , but not warranted .
DETACHED HOMES OVER $ 1M Duluth | Q4 2020
Q4 2020 Q4 2019 % change
Total Homes for Sale
Total Homes Sold Average List Price ( 000 ) Average Sold Price ( 000 ) Average Days on Market
Months ’ Supply
25
20 $ 1,955 $ 1,377 100 6.9
32
8 $ 1,779 $ 1,368 252 22.7
-22% + 150 % + 10 %
+ 1 % -60% -69%
Total Homes
For Sale

25

Total Homes
Sold

20

Average List Price ( 000 )
Average Sold Price ( 000 )
$

1,955 $

1,377

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 .
Average Days On Market

100

Source : Trendgraphix All data believed to be accurate , but not warranted .
Months ’ Supply

6.9

46