Why Cobb County's Home Prices Make Now a Great Time to Sell

Welcome to Market Monday, where we dig into real estate market news in Cobb County, Georgia. If you're wondering whether it's a good time to sell your home here, the answer is a big YES! Let's break down why selling now could be a smart move.

Problem: Why the Real Estate Market is Shifting

Cobb County is seeing changes in the housing market. After a rapid rise, things are slowing. This year, the growth in the tax digest is predicted to be just 2%, which is much lower than last year's 8.52%. Even though home prices have only seen a slight bump, they're still at some of the highest points ever.

Here are the facts:

• The average home sale price has jumped by $20,000 in the past year.

• As of May 2024, the average home price hit an all-time high at $533,557, up from $346,715 in 2020.

• The total tax digest reached a record $60 billion last year, signaling high property values.

Some people may view this market slow-down as a problem. However, if you want to sell your house, it may actually be an opportunity. You might wonder why. Well, let’s see.

Agitate: What's the Impact on Buyers, Sellers, and Investors?

For people who want to buy or invest, this cool down means they need to move smartly. Home prices aren't dropping much yet, and the market is still hot. If you’re a buyer, now’s the time to step up before more competitors come in.

Why does it matter for sellers? Historically high home prices mean you could get a nice return if you sell now before any larger market adjustment. While the average home price only rose a bit this year, the huge hikes of previous years mean the market has room to breathe, but this won't last forever.

Let's look at the numbers:

• Homes priced for sale are on the rise, with 18.9% more listings from March to April 2025.

• Homes are selling for a median $439,012, a 3.3% increase year-over-year.

• Sellers note that 67% of homes sell within 30 days.

For many sellers, it is vital to know why the market conditions change so they can decide whether now is the time to sell.

Solution: How to Use the Market Conditions to Your Advantage

Why does selling now matter? Taking action can avoid the risk of a major shift. As prices stabilize, you'll want to make sure your home sells before any dramatic changes. So, what should you do next?

Price Smartly

With the market cooling, pricing strategies matter more than ever:

• Smart pricing attracts buyers quickly.

• Avoid overpricing, even in a hot market, to ensure high offers.

Use Tech Tools

As an AI Certified Agent™, smart tools and data can streamline your sale, which means:

• Understanding buyer behavior through real-time data.

• Reaching the right buyers with AI-led marketing campaigns.

Prepare Your Home

Look at ways to make your home shine:

• Small improvements can make a big difference. Paint and landscaping go a long way.

• Highlight features that buyers are looking for, like upgraded kitchens and open spaces.

Timing and Transparency

Time is money. Sellers want quick sales, and here’s how to do it:

• Use predictive analytics to see who’s searching for homes like yours.

• Keep open lines with potential buyers for smooth transactions.

What If You Wait?

Waiting might mean lower offers and more work. Mortgage rate changes could happen, and new listings might increase competition. This affects both offer prices and the length of time your house could sit on the market.

Final Thoughts

The Cobb County real estate market is offering great conditions for sellers. With home prices at historical highs and more listings popping up, now is a fabulous time to consider your options.

Sellers should tap into the current market trends to make informed decisions. Using new technology and smart marketing strategies can make the selling process faster, smoother, and more efficient.

Whether you're a first-time seller or an investor looking to maximize profits, leveraging these conditions gives you the edge you need. Make the most out of what the market offers today, because tomorrow could bring new challenges and opportunities.

If you’re ready to discuss your selling strategy, reach out and let us help you capitalize on this opportune time.

🔵Campbell & Beth Haigh 🔵Team Haigh Realty 🔵7707586005 🔵TeamHaighGetsItSold.com/MeetTeamHaigh 🔵[email protected]