Market Update For John's Creek

The overall Atlanta market is not really moving in a positive direction for sellers right now; if anything, inventory is still rising. In some areas, however, things are beginning to either level off or move in a more positive direction. John's Creek is one of those areas that has been stagnant for some time. Here are some statistics for John's Creek.

• Currently there are right at 950 active listings in John's Creek with an additional 156 homes working on offers. This is a relatively good sign as pending sales do a decent job of indicating future performance.
• In the last 30 days of accurate sales results, 64 homes have sold. This yields an absorption rate of about 15 months of supply. The average sales price during that time is $357,000.
• In the last 60 days 125 homes sold yielding an absorption rate of 15 month supply. The average sold price is $378,000.

From these number and the absorption rate in particular, we can see that the market is basically unchanged. Whether this ultimately is a sign of a leveling off on our way to a better market for sellers is yet to be determined, but, it does appear that the slide has stopped for homes for sale in John's Creek and most other areas of North Fulton. The last remaining lagging sign is the actual number of sales which are consistently about 30% lower than last for the same time period anywhere you look in Metro Atlanta.

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