August, 2011 Stockbridge GA Home Sales Market Analysis

By
Real Estate Agent with RE/MAX Advantage

Here is straight forward data about home sales in Stockbridge, GA for August, 2011 compared to one year ago and one month ago:

 

                                                August 2011            July 2011                  August 2010

Homes Sold                               65                          56                            49

Average Sales Price                    $80,045                 $105,014                   $89,623

Average Days on Market              88                         86                            84

 

I did the August numbers first and fully expected July to be between the numbers for average sales price.  The August to August numbers go along with what I have seen in the market--that prices have fallen year over year.  The high average sales price in July is somewhat of a surprise.  In my opinion, that month just had more sales on the high end and less on the low end.  Obviously, with the August 2011 number back in the $80's, it was not a trend up in prices.   

It continues to be a good time to purchase and not so good for selling. 

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