Curious if it’s going to be a good year in the Cobb County real estate market? We have all the answers you need.
We’ve seen better, but we’ve definitely seen worse when it comes to the Cobb County real estate market. The fourth quarter saw a deceleration in home sales and prices, however, the market remains quite resilient when compared to just one year ago.
Although the housing market in Cobb County is starting to balance out, rising interest rates due to ongoing rapid inflation could price some buyers out of the market should The Fed continue to hike interest rates. That said, the difference in median sales price and overall sales volume are a tell-tale sign of Cobb County’s housing market returning to normalcy.
Cobb County’s housing market saw significant growth in the second quarter of 2022 but will it sustain over the year? The housing market in Cobb County is slowly inching towards stability which was recently shaken by the Covid pandemic. To understand what this means for sellers and buyers, let’s take a deeper dive into Cobb County’s housing market.
While this time of the year tends to be somewhat slower when it comes to real estate, the overall market here in Cobb County has continued its uptick through the first quarter. As it’s still a seller’s market, this has had a considerable impact on the number of homes available to potential buyers.
Will the housing market in Cobb County continue to grow in 2022? If so, how much more growth can be sustained before another housing market bubble bursts? How far will interest rates rise over the year and how will we deal with a historic shortage of housing stock?
The fourth-quarter numbers reveal that the housing market in Cobb County continues to improve. These numbers, combined with the overall numbers for the year, show what many of us have been predicting since the end of 2020—2021 was going to be a red hot market. We were right and are encouraged that things continue to look promising. How long that will hold true in the new year remains to be seen, but first let’s take a look at the fourth quarter 2021 numbers for Cobb County, Georgia.
The third quarter numbers are good news for the housing market in Cobb County. While it may be a bit of a seller’s market, it’s a good time for buyers and sellers to take advantage of current market conditions.
If you can afford to purchase a stake in the real estate market in Cobb County right now, the statistics suggest that now is the time to do so.
Is the real estate market in Cobb County going in an upward or downward direction? Are home prices still increasing? How long is it taking to sell homes? We answer all these questions in this blog post.