Active Listings: This is the total
number of Kennesaw homes that are currently listed
for sale in the First MLS database.
Pending Sales: This is the total number of listings that have received an acceptable offer
from a buyer
and are well on their way to closing.
Pending Ratio: This is the total number of Pending Sales divided by
the number of Active Listings. This tells how active the market is.
A large percentage of homes that are currently under contract tells us
that the market is very active. This is especially useful when you
watch this number change from month to month, and year to year.
Number of Expired Listings: These are listings that have been
"rejected by the
market" during the past year. This is a rolling 12-month set of home listings
which
were
for sale, ‘rejected’ by all buyers, and did not sell before the end of the
listing period. There are only a few reasons a home does not
sell...marketing, condition,
and price. If a home is
not marketed properly, the right buyers will not know the
property is for
sale. If the property is in poor condition, very few buyers will be
interested. If
it is overpriced, buyers will reject the home and look at more reasonably
priced properties. But, if your home is marketed properly, in
show-ready condition,
and priced properly (based on market conditions, property conditions, and
location), you will drastically increase the chance of it selling quicker and for the most money.
Number of Closings: These are homes that were listed for sale,
received an
accepted offer, and closed with a new buyer. This is a 12-month rolling
total of all successful home sales.
Expired to Sales Ratio: This is the
total number of Expired
Listings divided by the Number of Closings during the past 12 months. This
tells us how many listings failed
to sell compared to the number of listings that sold successfully.
For example, if this number is 3, there were three home listings that
did not
sell for every one that did sell.
Sold/Month: This is the average number of homes that sold per month over the past
12 months.
Inventory: This is the total number of Active Listings divided by the
average number
of homes sold per month. This indicates how
long it
will take to sell the homes that
are currently listed on the market.
Average Original List Price: The
“original list price” is the price sellers were asking
for their home when they first put it on the market.
Average Sold Price: This is the average
sale price for all homes that sold in the past
12 months.
List Price to Sold Price Ratio: This is the average Original List Price divided by
Average Sold Price. This tells us how much properties sold for as
compared to their original list price.
Days on Market: This is the average number of days a home was on the
market before it sold.
Kennesaw Homes
For Sale and
Area Information
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