Current Kennesaw real estate data and home price trends are now posted as part of the Atlanta Real Estate Data – 4th Qtr ’11 Review. In addition, detailed weekly Kennesaw real estate data and price trends are also available. Looking at current home price trends in Kennesaw we see:
• Year to year change in number of homes sold was +18.0%
• 4th Qtr ’11 distressed sales comprised 37.4% of the total
• Year to year % change in median price was -11%
This is a look by FMLS section; we can drill down further still which is required in this case. The Kennesaw market saw an increase in activity due to the inventory of distressed homes and aggressive pricing. The low mortgage rates have obviously helped as well. While increasing volume, the number of distressed sales did impact median sale price over the year.
Whether or not Kennesaw as a whole has turned the corner remains to be seen but an increase in closed sales is at least a positive sign.