As we look at the end of Q3 and the beginning of the Q4 of 2009, hard to believe too by the way that the year has steam rolled right by us so quickly, let’s take a look at what’s selling in Athens, inventory levels per price range, average days on market, and SP to LP (sales price to list price) to see at various price ranges what Athens home sellers are actually getting for their properties compared to list price.
Check out this report on Athens, GA at Slideshare.com.
While the overall Athens market, according to Georgia MLS, is at 12.8 months of inventory overall, different price points in our market are much, much higher. To note, markets where inventory levels are between 4-6 months is where we find a balanced market between buyers and sellers. Based upon this we can only count the market up to $125,000 in Athens as being “balanced.”
In fact, inventory levels climb dramatically from the low $100k’s. As a matter of fact, between $200k-$400k listings on the market for sale we find a “low” inventory level of 20.7 months, a high of 87.7 months, and a median of 33.3 months! What’s encouraging about the Athens market however is that the percentage of sales price to list price that sellers are getting is staying pretty close to the 94.8 percent overall figure.
What does this mean? It means that if you are trying to sell your home or are thinking about it in the next six months, you need to have a resource to gauge the market. That resource is the Market Snapshot. You can get yours (shameless plug) at www.AthensGaHomesForSale.com. It also means that depending on the price range of your home, it is going to take a little while to get it sold. How is Oconee County doing?
