Roswell Real Estate

Here are the 2007 statistics for the Roswell real estate market for the first quarter of 2007. I have split the statistics up into three groups; homes under $500,000, homes between $500,000 and $1,000,000 and homes above $1,000,000. The statistics are gathered from the Roswell MLS, which is part of the Atlanta First Multiple Listing Service, the FMLS.

 Homes For Sale Under $500,000

Active Listings - Currently there are 401 active homes for sale under $500,000.

Pending - The number of homes currently under contract is124.

Homes Sold - The number of homes sold is 202.

List Price/Sales Price - The percentage of a home's original list price to the actual sales price is an excellent indication of whether or not buyers are willing to pay what sellers are asking for homes. In Roswell this year, under $500,000, that percentage is 96%. This number does not factor in how much money seller's contributed to buyer's closing costs, therefore the actual number is slightly lower.

Absorption rate - If no new homes come on the market, the statistics indicate that all available homes would be sold in about 6 months. This is an indication that the real estate market is remaining strong.

Days on Market - Days on market indicates the amount of time on average that it takes for a home to go from listed to under contract. This year in Roswell that number is 65. This is an indication of the overall strength of the Roswell real estate market.

Roswell Homes Between $500,000 - $1,000,000

Active Listings - Currently there are 220 active homes for sale between $500,000 and $1,000,000.

Pending - The number of homes currently under contract is 36.

Homes Sold - The number of homes sold so far this year is 29.

List Price/Sales Price - The percentage of a home's original list price to the actual sales price is an excellent indication of whether or not buyers are willing to pay what sellers are asking for homes. In Roswell this year, between $500,000 and $1,000,000. that percentage is 97%. This number does not factor in how much money seller's contributed to buyer's closing costs, therefore the actual number is slightly lower.

Absorption rate - If no new homes come on the market, the statistics indicate that all available homes would be sold in about 23 months. We are entering into the time of year where we traditionally see the greatest number of buying and selling interest so this number is a little skewed to the high side currently. This should settle down to a lower absorption rate in the next month or two.

Days on Market - Days on market indicates the amount of time on average that it takes for a home to go from listed to under contract. This year in Roswell that number is 77. This is an indication of the overall strength of the Roswell real estate market. Under 90 days is a good barometer of a strong real estate market.

 Roswell Luxury Real Estate $1,000,000

Active Listings - Currently there are 69 active homes for sale above $1,000,000.

Pending - The number of homes currently under contract is 4.

Homes Sold - The number of homes sold is 5.

List Price/Sales Price - The percentage of a home's original list price to the actual sales price is an excellent indication of whether or not buyers are willing to pay what sellers are asking for homes. In Roswell this year, above $1,000,000 that percentage is 97%. This number does not factor in how much money seller's contributed to buyer's closing costs, therefore the actual number is slightly lower.

Absorption rate - If no new homes come on the market, the statistics indicate that all available homes would be sold in about 101 months! This is an indication that the real estate market is absolutely flooded with luxury real estate. Luxury homes at this price point are expected to take longer to sell than less expensive homes, but with this many available, you really have to wonder what builders are thinking by continuing to come ou of the ground with new construction luxury homes.

Days on Market - Days on market indicates the amount of time on average that it takes for a home to go from listed to under contract. This year in Roswell that number is 158. This number could change dramatically with a few more homes sold. More information is needed to determine a more accurate number.

One can look at the above data and see that if you are planning on buying a home or selling your home in Roswell, with the proper guidance from a Realtor, and an understanding of where the real estate market is heading, you can achieve your goal. For more information, visit my Roswell real estate website.

Ryan Ward is a Realtor who specializes in listing and selling real estate in Roswell. For more information about Roswell homes for sale, contact Ryan Ward at 404.630.3187.

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