The following charts show the month to month residential real estate sales volume of the Greater Athens Ga metropolitan area for the months of June through November 2009.
Chart 1 shows the trends for both the number of residential units sold and the average number of Days on Market (D.O.M.) for those units. Novemeber gives us the second straight month of increased sales volume. This is more than likely due to buyers wanting to meet the deadline for qualifying for the First Time Home Buyer's Tax Credit (before the extension was approved).
The total number of residential units sold in November was 116, up 4 units from October. The average Days on Market, D.O.M., did increase to 199 days. While it is up 3 days from October, D.O.M. is still down over 2 weeks from the 215 days in September. Both the increased sales and the D.O.M. remaining almost flat are positive indicaters.
Chart 1:
The second chart is tracking both the average and the median price of residential sales in the greater Athens metropolitan area. The average price to $181,506 and the median price dipped to $153,000. Again, this can be attributed to an increase in the number of First Time Home Buyer's as a percentage of the total number of buyers.
Chart 2:
The Greater Athens Metropolitan area, for this report, includes Athens-Clarke County, Oconee County, Oglethorpe County, Jackson County and Madison County. All figures come from the Athens Area Association of Realtors® multiple listing service (MLS).
For more information about real estate in the Athens, GA area, or, if you are looking to buy or sell real estate in the Athens Ga area and surrounding counties, please call me at 706-207-5290, or, you can click here to email me with any questions. To search for homes, land and other real estate in the Athens Ga area please visit my website, The Athens Real Estate Page.
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