Cumming Real Estate Market Report

Homes are still selling, but you need to price correctly from the start. The median sold price is $600,000 and buyers are offering 97.9% of asking price, which means overpricing will cost you time and showings. Homes are taking 34 days to go under contract, so expect about five weeks of showings if you price at market. Median home value is $617,980, down 0.9% from last year, so do not expect appreciation to do the work for you. Inventory is up 10.3% year over year and now sits at 5.3 months of supply. That gives buyers choices, which means your home has to compete on price, condition, and location. There were 470 new listings in August and only 279 sales, so the number of competing homes is growing. Get the pre-listing inspection done, price it right, and be ready to negotiate. The days of list-and-wait are over.