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Lilburn Market Report for December 2009
This has certainly been an interesting year in real estate.  And we are still staring at the tea leaves trying to see the direction of the market and figure out what the future holds.
The biggest thing in housing in the last few months has been the First Time Home Buyer Tax Credit.  It has had a GIANT pull on the market, and when it "expired" (it was renewed and expanded before it actually expired, but the effect seemed to expire) it altered the direction of the market... as it did when it was enacted.
Let's get a few numbers for Lilburn out of the way...
There were 384 listings as of 12/31/2009 In November, there were 36 sales The Absorption Rates for Lilburn break down as follows: 12 month average - 10.04 months of inventory 6 month average - 8.35 months of inventory 3 month average - 9.76 months of inventory The link above explains Absorption Rates more fully, but basically, it tells us how long it would take to sell all of the property on the market at the current rate.
Sales for Lilburn in November were up 38.5% compared to November 2008.  This was after October was up ... more

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