Buford Real Estate Market Conditions in Gwinnett County Georgia - Buford Georgia homes. Buford Georgia saw 58 homes sales in December 2007 as compared to December 2006 with 76 single family homes sold the year earlier. That is a drop in sales of 24 % in sold homes, and a 3.9% sales price decrease* for December 2007 compared to the same time period a year earlier. November was the last full month of real estate statistics for reported closed sales in First Multiple Listing Service FMLS.
As of today January 31, 2008 there are currently 823 homes for sale in Buford Georgia in Gwinnett County. The average list price of a home for sale in Buford is $ 357,299. 75 homes in Buford are currently pending sale with an average list price of $ 306,547 and an average market time of 119 days on market.
***Months of inventory may be much larger than it appears because many new homes are not included in the MLS to avoid MLS fees.
- December 2006 saw 76 homes sold with an average sales price of $ 291,149 - 101 Days on Market.
- December 2007 saw 58 homes sold with an average sales price of $ 272,223 - 125 Days On Market.
That is a drop in sales for Buford homes of 24% in units sold single family homes, and a 7% drop in sales price* and a 15% increase in Days on Market.
*Seller's must also realize that in spite of the prices decreasing...the seller's contributions to closing costs are actually increasing and will actually net them a lower sales price.
Subscribe To Our Atlanta Real Estate Blog in a reader
...with web-based news readers. Click your choice below:
Comments (0)Subscribe to CommentsComment