How Has Our Lassiter Area Market Changed?
Thinking of selling your Lassiter school district property this year? If so, check out this quick update on what’s been happening in our market.
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A lot can change in just a few months, which is why we’re back today to share a quick update on how the Lassiter school district’s real estate market fared during the third quarter of 2019. To give you a better perspective on these recent developments, we’ll be comparing this year’s data to what we saw at this same time last year.
First of all, the number of sales year over year grew by an amazing 15%. The Lassiter school district area also saw the highest year-over-year change in sales price of any major East Cobb area, with an increase of 3% to $445,000. This is great news, however, what this figure doesn’t reveal is the fact that sellers had to negotiate about 1% more this year than what was true at this time last year. This could be because Lassiter’s average days on market has remained stagnant at 55 days since Q3 of 2018.
Inventory levels have also remained fairly consistent, with 3.6 months’ worth of supply available during Q3 of 2019. This means we’re still technically in a seller’s market, but are definitely headed toward a more balanced one soon. In fact, we’ll likely see all East Cobb area markets enter a balanced market in the near future.
The days of getting incredible double-digit increases for our year-over-year statistics may be coming to an end, but, as this update makes clear, we’re still seeing a lot of positive developments in our local marketplace.
The bottom line is that if you’re thinking of selling your home, you need to be paying close attention to market data like the statistics we’ve shared today. In terms of how you price your home, it’s best to look at pending listings rather than those that have sold in the past when you gather data from comparable properties.
If you have any other questions or would like more information, feel free to give me a call or send me an email. I look forward to hearing from you soon.