Forsyth County GA Real Estate Market Statistics

Tim Renshaw
Published on March 21, 2016

Forsyth County GA Real Estate Market Statistics

Forsyth County GA Real Estate Market Statistics - Tim Renshaw, Realtor

The following charts show Forsyth County GA Real Estate Market Statistics data from January 2007 – Most recent month from First MLS (FMLS). This data is for properties in Forsyth County, GA of the following types:

Residential Detached Properties

Residential Attached Properties

Land / Farm Properties

Residential Developed Lots

Forsyth County GA Real Estate Market Statistics - Tim Renshaw Realtor

Click the linked text to get a full-size, interactive graph of the relevant Forsyth County GA Real Estate Market Statistics. As you click through the various charts of interest remember that you can:

Click / Tap a data point in the graph to get the exact value.

Click / Tap the line next to the year in the legend to highlight the entire line for easing comparisons.

Close Price to List Price Ratio – Forsyth County, GA

The ratio of the final closing sales price relative to the list price at the time the final offer was made. Gives an indication of the market balance tipped in favor of sellers or buyers.

Close Price to Original List Price Ratio

The ratio of the final closing sales price relative to the original list price when the property was initially listed. Note this does not take into account previous listings that may have expired or been withdrawn at different prices, just the price change activity of that final listing that successfully sold and closed. Gives an indication of the market balance tipped in favor of sellers or buyers. Good to compare this with Close to List Price Ratio above as the closer these are, the stronger the indication of both expectations of sellers and realtors when they first listed vs. how the pricing that “worked” in getting the sale.

Months of Inventory

This is how many months of inventory are available. A healthy inventory level is generally considered 5-6 months. This calculation shows how long the current number of homes for sale would take to sell if they sold at the same rate as the number of homes sold that month. Simple example, if there are 30 homes in a neighborhood for sale in June and 10 sold in June, that is 3 months of inventory. Rule of thumb, below 5 months is more or less a seller’s market and over 6 months is more or less a buyer’s market.

Days to Sell Average

Simple enough, the average number of days it takes a property to go from listing to selling. Gives a sense of the relative strength of the market and gives an indication of the supply and demand mix.

Number of Active Listings

The number of property listings that were available / active in any given month. Gives a sense of the relative supply over time.

Number of Expired Listings

The number of listings that expired in any given month. Expired means that a listing contract signed between the seller and agent of whatever length went through the entire contract period without selling. Good for comparison with Active Listings, Sales $ Volume, Sales Price Average and Close to List Price ratio to get a sense of how well properties are moving at the price points listed.

Number of New Listings

Straightforward statistic to show relative supply over time.

Sales $ Volume

The total dollar value of homes sole in any given month. Shows relative strength of sales over time.

Sales Price Average

Shows the relative strength of sales prices over time. Remember difference between average and median calculation: Average is all sales total divided by number of properties. Median is the sales price where half the number of properties are above that number and half are below that point.

Sales Price Median

Shows the relative strength of sales prices over time. Remember difference between average and median calculation: Average is all sales total divided by number of properties. Median is the sales price where half the number of properties are above that number and half are below that point.

Forsyth County GA Real Estate Market Statistics
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