Marietta, GA housing market

Marietta is a buyer's market right now, and the price cuts tell the story. About 25 percent of the homes on the market have already dropped their asking price, and that is a clear sign sellers are having to chase buyers rather than the other way around. There are roughly one thousand ninety homes for sale, so buyers have real choice, and the typical home takes about forty-four days to sell. Meanwhile the typical home value sits near four hundred fifty thousand dollars, down about 2.7 percent over the past year. Notice the gap between that value and the median list price of around five hundred fifty-four thousand dollars. Sellers are still asking high, but the market is pushing back. Only about 480 new listings came on this month, so supply is not flooding in, but it does not need to when so many sellers are cutting. If you plan to sell in Marietta, price it right the first time. Overprice here and you will sit, then cut anyway.