Cherokee County real estate update, 12/11/2020. Year over year, sales were down in November by 51%. The median list price in Cherokee County, GA in November was approximately $440,000. The average days on market was down 29%. The median sale price was $340,000 approximately. That tells us that the buyers over $400,000 are not plentiful in the market at this time. The entry level and mid range are still very active. Average sale price was down 2% year over year and the average sale price was down 21% month over month.
Obviously, inventory continues to cause issues in the market in terms of availability and attracting buyers to market with fewer homes to choose from before making a purchase decision.
Are you ready to sell? Let's discuss your plans. Competition is almost non-existent and sellers are getting much higher list/sale percent while paying much lower seller paid closing costs, and often, zero seller paid closing costs. Find out what your specific market position is. Let's get started.