What's the Real Estate Market Like in Dacula
What's The Real Estate Market Like In Dacula, GA
Today's real estate market is still going strong! Sales continue to happen in 30019. A couple items to note however.
Dacula Sales Volume
Sales in September 2016 compared to Sales in September 2017 show a few changes. Sales Volume September 2016 was $20,292,373 and September 2017 was $21,901,391. That's increase in sales volume. With this, however, number of homes for sale in Dacula went down from 80 sales in 2016 to 77 sales in 2017. This is the first decline in number of sales in September in the past five years.
Dacula GA Days On Market
Total days of market also increased from 43 days on market September 2016 to 50 days on market September 2017. Although 50 days on market shows a very healthy market and sales turnaround it is something to take note that number of days on market has increased.
Dacula GA Absorption Rate
Another variable to take note is the Absorption Report. An Absorption Report shows whether a market is a Buyer's Market or Seller's Market. Currently, The Dacula, GA shows that a shifting market is coming soon. The report breaks down price points for home sales and shows how many months of inventory there are remaining. If there are over 6 months of inventory then the area is in a buyer's market. Under 6 months of inventory the area is in a seller's market. The report shows sales at $400,000 and above the market is 'soft'. Home sales are either neutral or declining in price.
Under $300,000 in Dacula, GA sales are clearly a seller's market. Sales are going up in price. And days on market are low.
If you would like to learn more about Dacula, GA real estate market, contact the Stan Jones Team at Keller Williams Realty @ 678.467.7554.