Monthly Market Trend Watch – Focus on Roswell & Alpharetta

Every month I will provide an update on market trends in a section of the North Atlanta area. This month’s focus is Roswell and Alpharetta.

For September 2008, there were 169 closed sales for single family homes. The average sales price was approximately $440,000 and the average list to sale price ratio was 96%. Average total time on market was 135 days. The average days on market increased significantly for homes listed at $500,000 or above.

For January thru September 2008, there have been 1938 closed sales for single family homes. The average sales price was approximately $420,000 and the average list to sale price ratio was 86%. Average total time on market was 126 days. The average days on market increased significantly for homes listed at $500,000 or above.