Madison Georgia market report by the numbers

By
Real Estate Agent with Coldwell Banker Lake Country 284620

The Madison and Morgan County Georgia market is influenced by a number of factors:

The successful local charter school system makes it a top choice for families with school age children.

The vibrant downtown in Historic Madison appeals to empty nesters looking to get away from the surbaban crowds, yet still be in reach of arts and culture (and a hot cappucino!)

The comitment to sustainable agriculture appeals to ruralists.

Its all within easy reach of the Atlanta international airport!

Each of these factors means that prices for comparable homes are historically higher in Morgan County than in surrounding rural counties.

Latest market statistics show that the market tips from a sellers market to a buyers market as prices go up:

 

Homes under $150,000

Available: 14

Sold last 6 months: 23

Under contract: 5

 

Homes from $150,000 to $225,000

Available: 24

Sold last 6 months: 28

Under contract: 3

 

Homes from $225,000 to $350,000

Available: 50

Sold last 6 months: 33

Under contract: 5

 

Homes above $350,000

Available: 52

Sold last 6 months: 15

Under contract: 3

 

So we move from a 3.6 months supply below $150,000 to a 21 month supply above $350,000 - huge shift.  Buyers are competing for homes below the median home sale price of $225,000, and sellers are competing above.

 

If you'd like more information about how current market trends may affect your decisions about buying and selling in the Madison and Morgan County markets, let's talk!

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facebook horse-and-home-georgia  Jeanne Dufort on Zillow

 Are you thinking dreaming about a place that will nuture your soul, bring your family together, or give you a chance to give back?  Whatever your dream, I'm committed to helping you explore how Georgia's Lake Country fits in. Located midway between Atlanta and Augusta, the lake country offers two recreational lakes, plus wonderful historic small towns with a commitment to sustainable agriculture. Lets talk.

Jeanne Dufort

2010 Realtor of  the Year

Lake Country Board of Realtors

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