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 May 2010. Sales volume of residential real estate has now shown an increase for the last 4 months from February throuug May, with May showing the second highest montly volume in the past 12 months.
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. May shows another increase in the sales volume, after increases in February March and April. 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 May 2010 was 181 units, up 21 units and more than 13%, from April. While down from the highs of last July it is a very strong showing and well over 200% of the low volume in January. The average days on market had its second consecutive decline to 165 days, down over 27% since the highs in March.
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 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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