In red-hot housing market,
Cobb is no exception
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192 FACTBOOK | 2022
The American housing market has had a
banner year, and Cobb County is no exception.
To the surprise of many, the housing market
remained strong during the coronavirus
pandemic. Even more surprising: the growth in
property values has continued apace, with no
signs of slowing.
In June, 1,404 homes were sold in Cobb at
a median price of $384,250, spending only 14
days on the market, according to data from RE/
MAX Around Atlanta.
In June of last year, 1,281 homes were sold in
Cobb, at a median price of $310,000, spending
34 days on the market.
Data for July from the Georgia Multiple
Listing Service was similar, with the median
price of a sold home at $371,000, a 17.8%
increase over the year prior.
Earlier this year, Cobb real estate agents cited
a number of factors, chief among them low
interest rates.
“We were under 3% for a long time,” Galt
Porter, former chair of the Cobb Planning
Commission and a Realtor at Maximum One
Greater Atlanta, said in April. Interest rates
have since crept up, but remain historically low
— “almost like free money, you
know, and that makes people
have a lot more buying power.”
Little had changed come August; according
to Johnny Sinclair, a Realtor with Ansley Real
Estate, interest rates had dipped again, to
between 2.7 and 2.9%.
Katy Ruth Camp
A house for sale on East Dixie Avenue in downtown
Marietta was seeing interested home buyers within
hours of being listed on the market in April. Houses
like this are going fast — and high — due to a mix of
low inventory and low interest rates.
By Aleks Gilbert
agilbert@mdjonline.com
Chart Riggall
While the pandemic has slowed many sectors of the economy, real estate
continues to boom in Cobb County as new construction continues. One
such development is this office and residential space at the corner of
Meeting and Roswell streets in downtown Marietta.
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