Greater Athens Area Residential Real Estate Monthy Statistics Charts, June - Dec. 2009

The following charts show the month to month residential real estate sales volume of the Greater Athens Ga metropolitan area for the months of June through December 2009.

Chart 1 shows the trends for both the number of residential units sold and the average number of Days on Market (D.O.M.) for those units. December shows a decrese in the residential home sales volume. This should not come as a surprise. There was a rush to close sales by Nov. 30, 2009 to qualify for the first time home buyers tax credit, which has since been extended. Additionally, sales seasonally decline duringthe winter months. The

The total number of residential units sold in December was 92, down 24 units from November.  The average Days on Market, D.O.M., showed another increase to 220 days, the highest it has been during the 7 month reporting period. Sales should start trending upward while buyers try to take advantage of the extended home buyers tax credit, which now includes repeat buyers.

Chart 1:

The second chart is tracking both the average and the median price of residential sales in the greater Athens metropolitan area. The average price to $180,926.00 and the median price dipped to $135,000. While the average sales price remained virtually flat, the median price drop is significant. However, this can be attributed to the large number of purchases by first time home buyers who tend to purchase in the lower range of the market.

Chart 2:

The Greater Athens Ga Metropolitan area, for this report, includes Athens-Clarke County, Oconee County, Oglethorpe County, Jackson County and Madison County. All figures come from the Athens Area Association of Realtors® multiple listing service (MLS).

For more information about real estate in the Athens, GA area, or, if you are looking to buy or sell real estate in the Athens Ga area and surrounding counties, please call me at 706-207-5290, or, you can click here to email me with any questions. To search for homes, land and other real estate in the Athens Ga area please visit my website, The Athens Real Estate Page.