Clayton County GA Real Estate for Sale - New Inventory Trending Downward
Following several consecutive years of slow sales combined with a continual glut of unsold properties putting downward pressure on prices, the Clayton County GA real estate market welcomes some good real estate news.
Well, here it is:
A look at the year-over-year new listing inventory numbers reveals that this market may finally moving toward normalization – at least as to the number of houses coming onto the market for sale each month.
With one exception, today’s chart shows that the number of homes for sale coming onto the Clayton County GA real estate market over the past year have been consistently lower month after month over the previous 12-month period.
The lone exception to the trend occurred in April, 2011, when there was actually a 7.5% rise over the number of new market entries recorded in April 2010. This exception could most likely be attributed to the typical Atlanta area real estate market cycle, which tends to follow the national trend of ratcheting up during the spring selling season.
The chart illustrates that the during rest of the year, monthly new listings were consistently fewer in 2011 than in 2010. Inventory was down by an average of 15.8%. And the trend seems to be continuing in 2012, as we see that new entries this month are still slightly fewer than last year.
The biggest year-over-year drop occurred in December 2011, when new inventory dropped by a whopping 34.3% as compared to December 2010.
If this trend continues, Clayton County could see a normalized market inventory rate soon. Good news, indeed!
If you are planning to buy or sell a house in Clayton County GA this year, call on the pros at the Best Atlanta home selling team to help you get the job done right. Our Buyer Specialists and Short Sales Specialists will help you accomplish you real estate goals.
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