2020 Q4 Market Report_Digital | Page 50

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

22

Total Homes
Sold

11

Total Homes for Sale
Total Homes Sold Average List Price ( 000 ) Average Sold Price ( 000 ) Average Days on Market
Months ’ Supply
22
11 $ 1,788 $ 1,205 93 8.8
42
7 $ 1,707 $ 1,369
75 20.3
-48% + 57 % + 5 % -12% + 24 % -57%
Average List Price ( 000 )
$

1,788

Average Sold Price ( 000 )
$

1,205

Average Days On Market
93
Months ’ Supply

8.8

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 .
Source : Trendgraphix All data believed to be accurate , but not warranted .
Kennesaw | Q4 2020
DETACHED HOMES OVER $ 1M
Q4 2020 Q4 2019 % change
Total Homes
For Sale

1

Total Homes
Sold

3

Total Homes for Sale
Total Homes Sold Average List Price ( 000 ) Average Sold Price ( 000 ) Average Days on Market
Months ’ Supply
1
3 $ 1,312 $ 1,280 291 2.4
2
1 $ 1,452 $ 1,100 218 3.7
-50% + 200 %
-10% + 16 % + 33 % -35%
Average List Price ( 000 )
$

1,312

Average Sold Price ( 000 )
$

1,280

49
Average Days On Market

291

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

2.4

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 .