It happen again. Every-time I open the paper, turn on my computer their is another story about the housing industry. the news is never good. The latest was existing home sales have reached a 5 year low. Builders are having record losses. I decided to look at some numbers.
Jan 1 2006 to Sept. 27 2006 Jan 1 2007 to Sept. 27 2007
5932 Homes Sold 5450
81 days on market 89
99% List to sell ratio 98%
$155,096 Avg. Sale Price $159,411
$209,913 Avg. 4+bedroom Price $218,051
$124,999 Avg. 3 bedroom Price $129,365
As the numbers tell us we have a good Real estate market. The number of homes that have sold is down, but the home prices have increased. The average days on the market is still below 90 days. The list price to sell price ratio is 98%. The inventory of homes for sell is high for this area, but these numbers are great and show The CSRA is great place to live. The interest rates are around 6%. This is a good time to buy a home in Augusta Georgia
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