Cobb Real Estate Group

04/08/2025

The Game of Chicken

Have you ever hopped on a person’s shoulders in the pool, and challenged another pairing across from you to a game of hand to hand combat “to the death” or until your base nearly drowns, whichever comes first? If you have, great! I am not talking about that game of chicken!

I am talking about the version that you nor I have likely ever played and really do not know anyone who has. The game of witt, where you head full speed toward another in a car, plane, bike, or some other mode of transportation, and the person who veers first will be considered the loser. This is a dramatic picture of the current housing market!

Even though houses are sitting on the market longer, home values are still continuing to rise. The rate they are rising is very low, but it is there. This creates an interesting game of “chicken” between buyers and sellers. Buyers see how long a house has been sitting, and automatically think they can make a low offer. Sellers know values are holding steady and that market activity only gets strong with each passing month up to May, so they are still holding strong to their asking price.

Both sides, buyers and sellers, have good reason to fuel their fortitude to stay the path they are on. Home values have not decreased. Interest rates have held steady for the past ten weeks, staying below 7%. We are getting close to the pre-pandemic level of houses on the market. Sellers are still getting 98% of their asking price. Do you feel the tension? Who will veer first? What should you do? Let’s set up a time to discuss.

Book your appointment with Cobb Real Estate Group

08/08/2023

Do you have a favorite shirt? I have this button down that I like. It looks sharp and fits well. Correction, it fit nicely at one point, and now I fill it out more than I did in times past to the point the buttons are struggling to keep it together. I am sure I am the only one with a shirt like this! Maybe it shrunk in the dryer!

This is where the housing market continues to be. Parts of it look nice with increased month's supply, but swelling interest rates, bloated home values, and the inventory on the market barely holding on, something's got to give!
Properties in the $300’s (give or take) continually to typically be multi-offer situations. Properties in the $500’s+ continue to sit longer and drop asking price.

Property values have continued in an upward trend the past eight years, but this summer we are seeing them slow and even decrease in some cases. One way or another, the housing market is going to have to consume less and walk more, and while we are not there yet, I do believe a shift will slowly take place end of this year and into next.

𝗠𝗲𝘀𝘀𝗮𝗴𝗲 𝘂𝘀 𝘁𝗼 𝘀𝗰𝗵𝗲𝗱𝘂𝗹𝗲 𝗮 𝗰𝗼𝗳𝗳𝗲𝗲 𝗼𝗿 𝘁𝗼 𝗴𝗲𝘁 𝘆𝗼𝘂𝗿 𝗵𝗼𝗺𝗲 𝘃𝗮𝗹𝘂𝗲.

Last month’s Median sales price: $395,520 +1.4% year over year

Last month’s Average Days on Market: 29 +70% year over year

New Listings: 9,314 -24.7% year over year

Month's Supply: 2.4 +9.1% year over year

Last month Closings: 5,687 -30.8% year over year

04/12/2023

We can help you buy! Message us and we can get you setup with your own portal to view all homes available to purchase. Let us walk with you on this exciting journey!

03/07/2023

We are not seeing the "crash" the experts were predicting. We are continuing to see a shift from Seller's market to Buyer's market, but we are currently in an awkward pr***en phase of this market shift. Houses are on the market longer, some having to drop asking prices, but homes are selling.

Want to discuss further? Set up a coffee or call with the link below.

Book an appointment with Cobb Real Estate Group using Setmore

02/08/2023

When it’s time to send our clients a letter…
💙📫💛

02/02/2023

This weekend you can put away the umbrella and put on your favorite jacket to go view open houses! Interest rates are in the 5's, below the 30 year average, and with rate buy down options it is a great time to consider purchasing. For a FREE and complete list of open houses taking place this weekend go to:

Search all available properties including Single Family, Condos, Multi-Family, Commercial, Land, Rentals, Farm, Com Lease, Lot-Land, Townhouse via the MLS in Cobb County, GA - brought to you by Virtual Properties Realty

02/01/2023

What are the perks of owning a home?

1. Credit Building
2. Inflation Protection
3. Tax Breaks
4. Value Appreciation
5. Equity

Is 2023 your year to purchase a home? If so, we want to partner with you to make that happen.

01/30/2023

Having a preapproval letter in your back pocket can give you a competitive edge, especially when compared to home shoppers who have not sought mortgage preapproval.

With a preapproval letter in-hand, you’ll not only be able to make offers on properties faster, but you’ll also enjoy a leg up on shoppers who haven’t gone through advance financial screening to see if they qualify for a mortgage.

Are you in need of a lender? We have a few options for you. We look forward to helping you find your new home. 🏡

01/27/2023

What is a contingency? What are the different types of contingencies? We’ve got that answer for you.

We would love to partner with you in your purchase and selling needs. Give us a call or head over to our website.

01/26/2023

Are you curious what the current rates are? Although, we are longer in the 3’s, we are still below the 30 year average.

We are ready to partner with you with your purchase or selling needs. Visit our website at www.cobbrealestategroup.com or call us at 404-721-3256.

11/12/2021