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 Mar. 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. March shows a large increase in the sales volume, after a small bump in sales in February. 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 March 2010 was 138 units, up 50 units, almost 57%, from February. While down from the highs of last July it is a very strong showing. The average days on market did increase to 227 days in February, an increase of 20 reaching new highs for the past year. Most of this increase is due to a longer sales cycle for homes in Oconee County.
Chart 2 is tracking both the average and the median price of residential sales in the greater Athens metropolitan area. The average price showed an almost 15% increase from $150,278.00 to $172,622.00 while the median price showed a more modest increase from $143,000.. to $148,350.00. This is continuing 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.
Comments (1)Subscribe to CommentsComment