How Is The Real Estate Market Really Doing In Newton, County GA

Today I wanted to talk about the the market in Newton County.

As you can see from the chart, there has been a pretty significant decrease in active listings over the last several months. In September 2007, there were over 2,500 single family homes on the market. Now, we have less than 1,400 homes for sale. In addition, Chart 2 indicates that there as been a leveling of Average Sales Price. Does this mean that we have hit the bottom.

We really don't know at this point. Unfortunately, the crystal ball is on the blink. However, it is encouraging to see some slowing in declining sale prices.

So what do the pretty charts mean? Will prices start going up and keep going up? Have foreclosures and short sales gone away or will the banks flood the market with more houses?

Now is still a great time to buy and there are some great deals out there! If inventories continue to decline,we will see sales prices increase! Don't miss out on an opportunity because you are trying to time the market, waiting for the bottom? Get in the game now.


Click on the graph(s) below to enlarge.

Chart 1

Chart 2