Athens home sales volume took a sharp dip in October sliding downard almost 3-1/2% from the previous month and a whopping 31.4% since the beginning of the year. This contrasts the bottomming trend that was indicated in August and Septemeber. Whether the Housing and Economic Recovery Act, which took affect Oct. 1, and the newer Economic Bailout will have a reversing impact on this will be seen in the next two months.
The good nes is that the median sales price has remianed relatively flat and is still up 7% for the year. The average sales price . 1. The average sales price, while down almost 1% from last month is still up over 5% for the year. The averagve Days on the Market (D.O.M.) has again risen by 3 days.
The following chart shows the sliding 12 month figures:
| Date | DOM | Average | Median | # sold | ||
| 1-Jan | 167 | $164,445.00 | $139,900.00 | 1664 | ||
| 1-Feb | 167 | $164,857.00 | $139,900.00 | 1632 | ||
| 1-Mar | 171 | $166,204.00 | $140,000.00 | 1579 | ||
| 1-Apr | 172 | $165,930.00 | $141,000.00 | 1516 | ||
| 1-May | 173 | $166,500.00 | $140,000.00 | 1484 | ||
| 1-Jun | 174 | $168,257.00 | $142,400.00 | 1382 | ||
| 1-Jul | 173 | $171,767.00 | $145,000.00 | 1321 | ||
| 1-Aug | 173 | $175,821.00 | $149,625.00 | 1229 | ||
| 1-Sep | 176 | $173,195.00 | $149,625.00 | 1190 | ||
| 1-Oct | 178 | $174,139.00 | $149,900.00 | 1182 | ||
| 1-Nov | 181 | $173,224.00 | $149,838.00 | 1141 |
Comments(4)