Oglethorpe County, Ga 12 month sliding average of residential sales has now been flat for four months in a row. This trend is a pretty good indicater that sales volume has bottomed in Oconee County.
A more positive note is that both average and median sales prices have been trending upward. While they are still well below the levels of a year ago, they may have reached bottom and are now either stabilizingor starting back up. Next months annual figures will be a better indicator.
The average Days on Market (D.O.M.), which has been rising again is still below but approaching it's highs of April.
Residential sales include the sale of single family residences, condos, townhomes, mobile and modular homes.
The Oglethorpe Count pending residential sales at the end of August totals 23 units, which is down 2 from July.
The following chart tracks the sliding 12 month averages for Oglethorpe County Ga through Aug 31, 2009:
| |
|
Oglethorpe County |
|
|
|
|
| Date |
DOM |
Average |
|
Median |
|
# sold |
| 1-Nov-08 |
149 |
$142,820.00 |
|
$141,900.00 |
|
93 |
| 1-Dec-08 |
152 |
$141,339.00 |
|
$140,700.00 |
|
83 |
| 1-Jan-09 |
158 |
$148,117.00 |
|
$141,400.00 |
|
83 |
| 1-Feb-09 |
160 |
$144,593.00 |
|
$138,000.00 |
|
81 |
| 1-Mar-09 |
161 |
$132,423.00 |
|
$134,950.00 |
|
80 |
| 1-Apr-09 |
174 |
$133,678.00 |
|
$134,900.00 |
|
77 |
| 1-May-09 |
158 |
$128,868.00 |
|
$125,875.00 |
|
78 |
| 1-Jun-09 |
166 |
$131,032.00 |
|
$125,875.00 |
|
86 |
| 1-Jul-09 |
164 |
$127,220.00 |
|
$127,000.00 |
|
87 |
| 1-Aug-09 |
169 |
$120,862.00 |
|
$117,000.00 |
|
86 |
| 1-Sep-09 |
163 |
$117,237.00 |
|
$114,500.00 |
|
88 |
| 1-Oct-09 |
164 |
$119,434.00 |
|
$114,000.00 |
|
85 |
| 1-Nov-09 |
170 |
$124,039.00 |
|
$117,500.00 |
|
86 |
All figures above are for 12 months and provide a clear picture of year to year and month to month trends in the market. Using annual numbers helps smooth out any temporary spikes or dips from month to month.
For more information on Oglethorpe County, GA or if you are interested in buying or selling your home there, please call me at 706-207-5290. Or you can click here to email me with your inquiries. To search for homes in Oglethorpe County please visit my website www.theathensrealestatepage.com.
;)
;)
With units being flat for 6 months and the median sale price being flat for 4 months it liooks as though Oglethorpe County could be nearing a soft landing and hopefully start to rise soon.