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I have been pulling Gwinnett County Real Estate Market Data, and I'm not done with it yet.  But, I have been seeing a few things.

  • Listings are down markedly from where they would normally be.  This can be either a positive or negative, depending on your outlook.
    • On the Plus Side, fewer listings means that Absorption Rates are better.  There is less inventory to get sold... it tilts the table back toward sellers.  It has been largely tilted toward buyers for quite a while.
    • On the Minus Side, it shows that there is pessimism in the market on the side of sellers.  They aren't confident about the market.  That lack of confidence has carried over to buyers... sales are also slowing.
  • Sales are down... like I just mentioned.  Even though Absorption Rates make the market look better... the sales just aren't there.
  • Results are mixed.  There are a few cities that are doing well... and there are a few price segments that are doing quite well.  Others are VERY weak.
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This post has been included in Georgia Real Estate News Gwinnett County, GA Real Estate News
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5 Comments on The Gwinnett County Market is a Little Weird Right Now...

JUL
16
2011
538,645 Points 6 Featured Posts

Hopefully it will pick up and work in both buyer and seller favor.
8:19pm • #1
455,918 Points 15 Featured Posts Called Shot Master

Lane, mixed results is what I also see. I am wondering though if 2012 will be the year people in fht efuture look back and say "if only I'd bought it then when prices were low." Only time will tell.
8:19pm • #2
649,989 Points 63 Featured Posts Localism Sponsor Outside Blog Called Shot Master

We are getting the same thing here. Some towns are really roaring ahead....others not so much.  It's all location driven. Even a couple of blocks can make a difference.
9:15pm • #3
JUL
18
2011
1,029,193 Points 16 Featured Posts Localism Sponsor Outside Blog Called Shot Master

Lane,nice to see you back.  I hope it is for good and am looking forward to your inciteful post.
4:29pm • #4
JUL
22
2011
175,528 Points 3 Featured Posts Outside Blog Called Shot Master

Hi Lane; Same thing here. We have a few pockets that have inventory shortages, but good market time numbers, and Sale/List Price Ratios. Low REO % in much of this area too.
3:32pm • #5


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