Johns Creek buyers negotiated below list more often in October

JOHNS CREEK, Ga. Sellers in Johns Creek gave ground at the closing table in October. 71.7% of 46 sales closed under the final asking price, above the 12-month share of 53.6%.

The October median sale price was $697,500, down 6.4% from a year earlier.

A price cut came before 39.1% of sales, and the median sale came in at 97.5% of the final list price.

Homes that sold in October spent a median 28.5 days on the market, slower than the 12-month median of 15 days.

Sellers listed 71 homes in October, up 91.9% from 37 a year earlier, while buyers signed 34 contracts, up 9.7% from 31.

The longer view is steadier. In the 12 months through October, the median across 421 sales was $775,000, down 0.6% from $780,001 in the prior 12 months.

With 164 active listings as of 1:20 p.m. ET Nov. 14, Johns Creek had 3.6 months of supply at October's closing pace, which our published bands read as a seller's market. On the 12-month sales pace the figure is 4.7 months, which falls in the balanced (4 to 6 months) band.

Countywide, Fulton County closed 846 sales at a $480,000 median, up 4.6% from a year earlier.