Market update provided by Julie Brittain of Team Brittain with Keller Williams Realty First in North Atlanta.
Iâ€™m a numbers person.Â I love to present my clients with the factsâ€¦
The average sale price for a single family home dropped 8.3% from July of 2007 to July of 2008. The average sales price for condos and townhomes dropped 6.2% from July of 2007 to July of 2008.
Year to date average prices for condos and townhomes are below what they were in 2003 and year to date average prices for single family detached are slightly higher than they were in 2004.
When this housing market turns around, the sales prices will recover rapidly.Â I believe that prices have neared a bottom, so this is a great time to buy.Â Our months-supply of homes is at an unprecedented high. The reasonâ€¦ Continue reading this post