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 2009 through Jan. 2010.
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. February shows a slight increase in the sales volume, after 2 months of decline in December & January. This is probably due to buyers coming back into the market to take advantage of the extended First Time Home Buyers Tax Credit extension as well as the Repeat Home Buyers Tax Credit.
Chart 1
The total number of residential units sold in February was 86, up 4 units from January. While not a tremendous increase in sales, it does show a reverse in the trend from December and January. The average days on market did increase to 207 days in February, an increase of over a month from January but still down from the highs of Decmeber, September and July.
Chart 2 is tracking both the average and the median price of residential sales in the greater Athens metropolitan area. The average price showed a slight increase from $145,930 to $146,378 while the median price showed a much larger increase from $128,000 to $143,000. This is certainly a positive sign showing that more buyers are purchasing homes at a slightly higher price.
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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