Tami Savage, Realtor

Your Key to a New Lifestyle

Single Family Homes Housing Market Update – March 2023 for Forsyth, Cherokee, & North Fulton Counties with more detail on Cumming, Canton, Ball Ground, & Milton/Alpharetta

By Tami Savage

You can tell SPRING is in the AIR!

  • Both median & average SALES PRICES have been going UP since January. Great news for sellers!
  • NEW LISTINGS have INCREASED since January with a plateau in February.
  • Number of Home SOLD has INCREASED
  • DAYS ON MARKET median hit a HIGH in JANUARY and has been DECREASING since. More good news for sellers!
    However, the average DAYS ON MARKET has DECREASED for both Forsyth & North Fulton Counties, but INCREASED for Cherokee County.
  • The INVENTORY has also been INCREASING for Forsyth & North Fulton Counties since February, with Cherokee County plateauing in March. This is good news for buyers!
  • Both median & average PERCENT OF LIST PRICE have been INCREASING since January, which is definitely good news for sellers. However, the good news for buyers is both average & median are below 100% of list price.

Slide Index:

1:Forsyth County, Georgia
2: 30028Cumming, GA | Ducktown, GA | Silver City, GA
3:30040Cumming, GA | Coal Mountain, GA | Matt, GA | Dunn, GA
4:30041Cumming, GA | Big Creek, GA
5:Cherokee County, Georgia
6: 30107Ball Ground, GA
7: 30115Canton, GA | Lathemtown, GA | Free Home, GA | Holly Springs, GA | White City, GA | Buffington, GA | Hicory Flat, GA | Avery, GA
8:North Fulton County, Georgia
9: 30004Milton, GA | Alpharetta, GA | Crabapple, GA
10: 30005Alpharetta, GA & Johns Creek, GA
11:30009Milton, GA | Alpharetta, GA

January 2023 Market Stats

By Tami Savage

National Housing Market Update (July 27th 2022) [Video]

By Tami Savage

Do you wanna know if we're in a housing market correction right now? Stand by for the answer.

Hi, I'm Tami Savage with eXp Realty.

I know the future of the market will play a big role in your decision about your home, so I'm here to bring you information from the experts.

Forbes defines a market correction as, “A sustained decline in the value of a market index or the price of an individual asset. A correction is generally agreed to be a 10 to 20% drop in value from a recent peak.”

Headlines are saying a lot of things about the market that causes concern and confusion, but ultimately, NO, we are not seeing a market correction. However, we are seeing a change of some kind.

Danielle Hale from realtor.com says, “The housing market is at a turning point. We are at a turning point. We're starting to see signs of a new direction, but the ball is still in the sellers' court in most housing markets.”

In fact, we're still in a sellers' market right here in our area, Cumming, Canton, Ball Ground, and Milton.

With the last two years being market anomalies, we are interested to see where the market is going too.

I'm Tami Savage with eXp Realty, your key to a new lifestyle.

Thanks so much for watching and make it a great day.

National Housing Market Update for mid-July 2022 [Video]

By Tami Savage

So exciting, summer is finally here. And so are our plans for buying and selling a home this summer.

But is it a good idea?

So let's see what experts have to say about how the market looks and where it's going.

I want to help guide you toward the best decision for you, your family, and your biggest asset, your home.

Looking at mortgage rates, Sam Khater, Chief Economist with Freddie Mac, says,

Mortgage rates continue to inch downward this week but are still significantly higher than last year, affecting affordability and purchase demand. Heading into the summer, the potential home buyer pool has shrunk and supply is on the rise and the housing market is normalizing.

After the way the market has looked the last couple of years, this is a welcome relief to many.

With less buyers and more sellers out there, there is hope for the buyers that are staying in the market. In addition, this data from Freddie Mac suggests that mortgage rates seem to have plateaued a bit in May. Then in June, we had a speed bump and now we're back down to where we were in mid-May.

The slight downturn of the mortgage market this past week, gives buyers even more hope. They won't see themselves being priced out of the current market and that's where we are right now.

So keep coming back as we continue to break down the market.

I'm Tami Savage with eXp Realty, your key to a new lifestyle.

Thanks so much for watching and make it a great day.

Weekly Wednesday Wesley Chapel Market Update for August 11, 2021

By Tami Savage

Hi, and good afternoon. I'm trying something a little new this week and I'm starting to regret it as I'm doing a bunch of W words and M words all mixed together and are causing major tongue twisters.

Hi, I'm Tami Savage with eXp Realty.

So today is Wednesday, August 11th, 2021.

And here's this week's Wednesday Wesley Chapel Minute Market Update for single family homes. That's a heck of a tongue twister so I imagine I'll have a few blooper reels before it's all said and done.

Now, let's talk about numbers. Over the last seven days as of 2:30 this afternoon, Wesley Chapel has added 18 new listings, six were put back on the market, 21 sold, and 29 in pending.

While Tampa Bay, the tri-county area, has added 720 new listings, 270 are back on the market, 825 have sold, and 1,199 are pending.

Wesley Chapel went from less than one month of inventory in July to three months of inventory as of this month.

Tampa Bay has done the same thing, again, with a month in July and three months in August.

In short, this means, for sellers, the market is starting to cool.

So if you've been considering selling, do it now before the market gets cold.

And for buyers, the market is finally starting to cool. As of this month, it will be much easier to buy than over the last 11 months as you can see by the chart.

So, with that said, I'm Tami Savage with eXp Realty, Your Key to a New Lifestyle.

Thank you so much for watching and make it a great day!

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