Shaffer & Associates Realty will help you BUY SMARTER, SELL FASTER, and SAVE! We specialize in Residential Real Estate in North Georgia and Metro-Atlanta.
Positive Trends in the Georgia Real Estate Markets - June
The numbers1 are in and, while we are not out of the woods by any means, there is reason to hope we are getting close to putting in a bottom.
· Closed sales are up for the 6th straight month but still 10.7% below this time last year.
· Pending home sales are up for the 6th straight month and up 14.9% year over year.
· June marked the 4th consecutive month of dropping inventories with 67,878 active listings – down 26.4% since June 2008. There were 12,102 new listings, down 24.3% year over year.
· Foreclosures are down 19.5% year over year – though up over April and May.
· The average sales price for a detached single family residence for June was $168,894, marking a 3 month sequential increase. Year over year we are still down 18.1% but gaining steady ground since January.
If you would like more market information, or assistance in buying or selling a home, you can go to www.ShafferAssociatesRealty.com. Bridging the gap between traditional and discount brokerages, we provide plans that help you preserve your hard earned equity/cash.
1. All numbers were compiled utilizing market statistics from GA MLS.
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