🏡📈 Cumming Housing Market Update 📉💥
Looking to buy or sell in Cumming? Get ready for an exhilarating ride! The competition is fierce, with homes here receiving an average of 4 offers and flying off the market in just 12 days!
📉 While the median sale price dropped by 5.0% to $499K compared to last year, the median sale price per square foot has risen by 1.4% to $224.
📊 In June this year, 46 homes were sold, a slight decline from 57 homes last year. However, the homes that do hit the market are sparking quick action. On average, they're snapped up in just 12 days, compared to 8 days last year. ⚡
📈 Multiple offers are the name of the game, often leading to waived contingencies. Homes tend to sell around 1% above the list price, with the hottest properties commanding a remarkable 3% above list price. These hot properties can go pending in as little as 8 days!
Buckle up and dive into Cumming's dynamic housing market! Whether you're a buyer or seller, exciting opportunities await in this fast-paced real estate scene. Don't miss your chance!