What's Happening?
In Fulton County, the median home listing price rose by 4.2% in July, reaching $86,425 compared to $82,975 in June. This marks a 10.4% decrease from July 2024's median price of $91,950. The median home size was 1,461 square feet, with a price of $75 per square foot, up 10.1% from the previous year. Homes were listed for a median of 66 days, longer than the national median of 58 days. The number of new listings increased by 70% compared to July 2024.
Why It's Important?
The increase in home listing prices in Fulton County suggests a potential strengthening of the local real estate market, which could benefit sellers seeking higher sale prices. Buyers may face challenges in finding affordable options, potentially influencing purchasing decisions and market demand. This trend could impact regional housing strategies and economic conditions, as factors such as interest rates and consumer confidence continue to evolve.
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