HomeGain Releases Georgia Home Prices Survey Data

Posted by: Louis Cammarosano on March 30th, 2009

Earlier this month, HomeGain released the results of a nationwide survey of nearly 700 HomeGain current and former Realtor members. The survey asked their opinions on home prices and the impact of the Obama stimulus package.  On this real estate blog we published the national and regional results.

The HomeGain member home values survey received national coverage and the results were noted in US News, Dallas Morning News, Boston Globe, Crane’s Investment News, Sellsius, Dallas Magazine, Orange County Register, RIS Media, Philadelphia Daily News, the Sarasota Herald Tribune, AOL’s Wallet Pop, St. Petersburg Times, Boston Real Estate BlogReal Trends, Realtor Magazine, Inman News,Transparent Real Estate , Agent Genius and other blogs.

Today we are releasing the Georgia home prices survey data. In the past few weeks we published the New YorkTexasCalifornia ,Illinois and Florida data.

The Georgia Realtor home prices survey indicates that only 5% of home buyers think that homes are fairly priced vs. 18% of home buyers nationally. Thirty two percent of Georgia home buyers think that homes are overpriced by 10-20%, the same as the national average.

Conversely, 45% of Georgia home sellers, as do home sellers nationwide, believe that Realtors under valued their homes by 10-20%.

Set forth below is the Georgia home prices data with the national data in parenthesis:

1. On average, in the last year do you think your homeowner clients home values have:

Georgia (National)

Decreased 92% (90%)

Increased 0% (2%)

Stayed the same 8% (8%)

2. On average, what do your homeowner clients believe that their home is worth?

At listing price you recommend 11% (14%)

10-20% higher: 45% (45%)

10% less: 16% (10%)

11-25% less: 5% (8%)

20-30% higher: 16% (14%)

30%+ higher 5% (4%)

3. How do your homebuyer clients feel homes are priced?

Fairly Priced 5% (18%)

Overpriced by 10-20%: 32% (32%)

Overpriced by 21%+ 8% (6%)

Overpriced by less than 10%: 18% (21%)

Underpriced by 10-20%: 24% (14%)

Underpriced by 21-30%: 3% (4%)

Underpriced by 30%+ 8% (2%)

4. In the next six months, do you think the values of homes in your market will:

Decrease 42% (53%)

Increase 16% (11%)

Stay the same 42% (36%)

5. What percentage of homes for sale in your area are foreclosures?

10-20%: 42% (26%)

21-30%: 16% (16%)

31-40%: 8% (10%)

41-50%: 5% (5%)

50-75%: 3% (5%)

Less than 10% 26% (35%)

6. What is the average home price in your area?

$151k-$200k  42% (24%)

$201k-$250k 16% (21%)

$251k-$300k  16% (14%)

$301k-$350k 11% (9%)

$351-$400k 3% (7%)

$401k-$450k 3% (3%)

$451k-$500k 3% (3%)

Less than $150k  8% (11%)

7. In your opinion, what will the Obama stimulus package have on home values in 2009?

Decrease 24% (13%)

Increase 5% (4%)

STABLIZE 37% (38%)

No impact 34% (45%)

See National and Regional Survey Results

Try HomeGain’s Instant Home Prices Tool


Check Home Prices in Georgia cities
April 1, 2009, Atlanta home prices drop 14.3% in one year according to the Atlanta Journal-Constitution.


One Response on “HomeGain Releases Georgia Home Prices Survey Data”


I think it is odd that the survey kind of contradicts itself. But I do think now is the time to invest, people still believe property prices are going down so if they are currently a seller then there will be some bargains, perfecting your negotiation technique is key at the minute.

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