Fairburn Single Family Homes Off To A Mixed Start In 2012

Fairburn GA - Single Family Homes Off to a Mixed Start in 2012

For the single family real estate market in Fairburn GA, there is good and there is bad for the month of January. First the bad - the average sales price took another dip when comparing 2012 to 2011. The Average Sales Price for January 2012 was $102,182, and for January 2011 it was $139,691 - down a whopping 26.9%. I was honestly hopeful that this number would go up in light of the new construction in the city, but the distressed sales won out. So single family homeowners in Fairburn GA continue to lose equity in their properties. New foreclosures were down, and the coming months should reflect the positive trend we need in the average sales price of single family homes in Fairburn, GA.

The good news is that single family homes are selling in Fairburn, GA. During January, Closed Sales were up 11.5%. I expect to continue to see a boost in the number of Closed Sales because Fairburn, GA continues to offer buyers great bargains on single family properties. Pending sales are also slightly up and point to improvement in the Fairburn GA single family homes real estate market.

Interested in buying or selling in Fairburn, GA or South Fulton? Please give us a call at 404 923 4210 or call me directly at 404 246 3210. Thank you!