Home Sales Market Report Hampton GA August 2011

Home Sales Market Report Hampton GA August 2011

Below are statistics comparing August, 2011 to August, 2010 and July, 2011:

August, 2011 July, 2011 August, 2010

Homes Sold 24 38 26

Average Sales Price $98,132 $106,301 $152,989

Average Days on Market 61 218 109

There was one home in August, 2010 that sold in the $500's that raised the average sales price. Homes in the $200,000-300,000 range in July, 2011 had an average days of market of 675 which raised the days on market for the month. Many people wonder if we have reached the bottom for sales prices. From the stats, it would appear not.