>> There are Lies, Damn Lies…then there are Statistics.

Here is what we’re seeing. If you’d like to skip the hard data, scroll to the bottom of this article where I’ve outlined what this means to a Buyer or a Seller right now….Further below you’ll find graphs and additional “case specific” data.

AND IF YOU’RE CURIOUS ABOUT THE “INTOWN” ATLANTA STATS, EMAIL US - WE HAVE THOSE AS WELL…

On to Metro Stats:

• 2008 home sales are down 22% compared to 2007 (but this is a slight increase from the final 3rd quarter numbers).
• 33,000 metro Atlanta homes sold in 2008
• The <$200k price range is down only -2.2%.  31.7% of Home Sales in this price range were Foreclosures
• The Median Sales Price is down 11.7% compared to year-end 2007, however, pockets of the metro Atlanta market are showing an increase while others are showing only a 2% decline.
• On average, 2008 Sellers got 92.5% of their asking price
• It took Sellers 84 Days, on average, to sell their home.  However, if the home was priced properly, it took only 27 days to sell!  It’s ALWAYS a Seller’s Market for a great house at a great price!!
• If you were a Seller and had to reduce your price in 2008, you were on the market 3x longer than if you’d have gotten the price right when 1st listed. 
• 8 out of 10 Listings in 2008 were over-priced.
• Supply reached a high at 10.8 months of supply in December, 2008 – but the Supply has been declining steadiliy since July 2008 and there is greater supply at higher price ranges (great news for move-up buyers!)

thanks for visiting KellySellsAtlanta.com – your metro and intown Atlanta Real Estate Resource…

The Kelly Sells Atlanta Team >> Your Neighbors.  Your Real Estate Experts.

This entry was posted on Thursday, February 5th, 2009 at 1:18 pm and is filed under Heady info, Realtor Services, Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.