Housing Market Alive and Well in Augusta, GA

Now that's news! There was a much welcomed front page headline in the Augusta Chronicle today. There it was in black and white how Augusta has maintained growth (albeit limited) in times when national numbers have plummeted. I think this can in part be credited to the consistently moderate growth patterns that the Augusta area has had. Historically, we've seen 5-7% annual increases when other areas were posting 20-30 percent increases. Those areas with explosive price increase are now taking equally explosive hits.

As a Realtor, I was ecstatic to see this news in print. We've been so bombarded with negative press over the last year that it's been hard to convince clients, friends, and family otherwise. We've tried to explain how relatively stable the housing market is here in Augusta. We've tried to explain that even though we're seeing changes in market numbers, that we're not in a dive. The housing world as we know it is not coming to an end. (That comment came from a fellow Realtor and not a client :) Bottom line: the skyrocketing appreciation rates crossed paths with the affordability index and the affordability index won! Sure we'll have sluggish numbers for a while - only a crystal ball will tell how long for sure - but that's to be expected. What goes up must come down. How fortunate are the homeowners in Augusta that we're seeing a dip and not a valley!

Hang tight Augusta- you're in a great position...

www.AugustaGALiving.com