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Duluth, GA, Market Report, December 2010
Image via Wikipedia Preliminary stats for Duluth, December, 2010 indicated that there were 543 properties on the market. Overall, there is about an 9.1 month supply of properties.  Months of Inventory has been increasing for the last couple of months, until this month.  Sales in December were 66, compared to 57 a year earlier.  It is worth noting that almost every segment in Gwinnett County, GA, that I track had a bump in December this year, copared both with November, 2010 and December, 2009.
In the Under $200k arena, there were 216 listings in Duluth, GA, with about a 7.1 month supply.  The Absorption Rate had gotten down into the high 4 month realm… and as recent as last December, was in the low 5s.  In May, it was at 7.9 months and has been rising since, until this month.  Sales for December were up slightly this year v last year (31 v 28).
Between $200k and $400k, there are 148 listings for sale, and about 9.25 months of supply.  Sales increased from 14 in 2009 to 19 in 2010.  The Absorption Rate is getting better, both because of the increase in sales and the decrease in listings.

From $400k ... more

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