This is a breakdown of Alpharetta, Georgia zip codes 30005, 30004, 30022 which encompasses the cities of Alpharetta, Milton and Johns Creek Georgia. Sales continue very slow in the past 30 days, although there is some year over year improvements. With 118 Sales in 2011 for September that is up over the September same period in 2010 with sales of 97 homes. Inventories remain lower in September than last year, some of that reduction is due to lower foreclosures due to recent holdback by the banks due to litigation and Short Sales rules changing over 2010.
It will be great if this trend will continue for the balance of the year. We are still left with 913 Active listings and at the past 30 days market absorption this results in an inventory of 7.73 months which still leaves us in a buyers market for the Alpharetta Area. Interest Rates continue to remain low and with lower prices, this is a great bargain for buyers in all price ranges.