Marietta listings rise 33.6% in October as closings fall 11.1%

MARIETTA, Ga. More homes came on the market in Marietta in October than a year earlier, but fewer of them sold. New listings rose 33.6% to 445, while closings fell 11.1% to 257.

The October median sale price was $469,000, down 2.0% from a year earlier.

With 1,091 active listings as of 1:20 p.m. ET Nov. 14, Marietta had 4.2 months of supply at October's closing pace, which our published bands read as balanced. On the 12-month sales pace the figure is 3.8 months, which falls in the seller-leaning (under 4 months) band.

The median home closed at 98.5% of its final list price in October, against 99.0% over 12 months. Of the month's sales, 56.4% closed below list. A price cut came before 41.6% of sales, compared with 34.2% over the year.

Buyers signed 223 purchase contracts in October, against 275 a year earlier, a sign of how closings may track in the months ahead.

Over the 12 months through October, 3,435 homes sold at a median of $490,000, up 1.7% from $482,000 in the prior 12 months.

Time to sell ran slower than the year's norm: a median 26 days in October, against 20 days over 12 months.

Countywide, Cobb County closed 591 sales at a $425,000 median, up 1.0% from a year earlier.