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January 2009 Market activity in Gwinnett!

By
Real Estate Agent with Keller Williams Realty Atlanta Partners

I found this fascinating quote today:

The market is rough right now.  There is NO way to sidestep it, nor to put lipstick on that pig.  Going against the numbers from a year ago, just about everything is down… and we thought it was a bloodbath then.  The only bright spot is that New Listings are also down… and inventory is substantially lower than the previous year.  Also, Pendings are only off by pennies… which forebodes well for sales.  But, sales ARE still down.  Prices are taking a beating.  Days on Market isn’t showing any kind of clear direction.Lilburn, Feb 2009

You should read the whole article.

Hank Spinnler
Harmony Home Inspection Services of GA - Hoschton, GA
Atlanta Home Inspector

Hi Michele.  It's been about 6 weeks since this post.  In your opinion, how is market activity in Gwinnett this month?

Mar 22, 2009 02:52 PM
Anonymous
Michele Whaley

Well,

Between the economic stimulus, time change, better weather, great interest rates... things are perking up! Creating conversations with the public has been an important part of how I have been checking the pulse of the local market, and creating a buzz of interest .... there are definitely opportunities to be had in the market. I don't think we are at the bottom, but the inventory is beginning to be absorbed. I personally have 4 different properties under contract.

 

 

Mar 22, 2009 03:00 PM
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