It seems lately that we have a dearth of sellable properties in the Newnan Georgia area. It's not that there are not a lot of houses on the market, as there are plenty! However, there are not enough of the types of homes that buyers are seeking.
Here in Newnan Georgia, that's a decent, move-in ready house for under $100,000. We have qualified buyers, ready to go, but the selection is diminishing daily.
Add to that the fact that most of the best properties that are moving are selling over and above list price. The net result is that many buyers are being squeezed out of the market, as they are at the price limit and cannot go any higher.
The net result is a kind of deadlock, with the only buyers willing and able to purchase unable to find a suitable property.
It's an interesting scenario, and only time will tell how this will all play out.
In the meantime, we'll just keep working hard to get buyers into the home of their dreams!
Comments(21)