Lawrenceville, Georgia - Gwinnett County Real Estate Market Conditions and Trends

Report Date

Fall 2008

Nearest Metro Area

Buyers' or Sellers' Market

More buyers than sellers

Average Time on Market

90-120 days

Market Trend

Increasing

Housing Inventory

Good supply - all prices

Average Home Price

$175,000 - View Graph Trend

Compared to Last Year

Down 0-5%

Prices As % of Asking Price

90-95%

Multiple Offers?

Yes

Greatest Activity

First Time Buyers

Housing Hot Spots

Mill Creek High School District, Windsor Brook, Pleasant Hill, Sugarloaf

Reason to Buy/Sell

Other

Average Sold Price

$175,000 - View Graph Trend

National Real Estate Market

National Summary: Home Buyers Hold Advantage in Many U.S. Housing Markets

Home buyers continue to be in the driver's seat in many U.S. housing markets, with plenty of inventory to choose from in virtually all price ranges. . Time required to sell a listing has lengthened to more than 90 days, on average. Home prices appears to have stabilized, becoming more in line with local market supply and demand. As a result, most sellers say they are getting at least 90% of asking prices.

Concern over liquidity and tougher lending qualifying standards in the mortgage industry are slowing any quick recovery in the national housing market. Lingering problems with sub prime loans and homeowner bankruptcies must also be resolved.