The weekly real estate sales for the Greater Athens Ga area have been showing positive signs recently. Last weeks (Nov. 30 – Dec. 6, 2009) 
market statistics bode well if the trend continues.
The Greater Athens Ga real estate market consists of Athens-Clarke County, Oglethorpe County, Jackson County, Oconee County, including Watkinsville, and Madison County. Overall, active listings for the area decreased by 1.1% from 3242 active listings to 3207 active listings while closed sales went from 16 to 26, an over 62% increase. A lower number of listings, coupled with increased closings are both positive trends signs.
However, there is one negative indicator and that is pending sales. That number dropped from 283 to 249. But, there are two mitigating factors that may reduce the negative aspect of this. The first, this time of the year there is always a reduction of sales, so a lower number of pending contracts can be expected. Second, and perhaps having the most impact, the original first time home buyers tax credit was to expire on Nov. 30, therefore, there was a rush to get pending sales closed by Nov. 30. While the credit has been extended, and also now includes repeat home buyers, that extension has not been reflected in pending sales, and probably will not until February, 2010 and beyond. I expect pending sales to continue to decline until next year.
The following links will take you to the weekly market reports for each of the sections within the greater Athens, Ga real estate market area:
Athens – Clarke County, GA Weekly Real Estate Market Report & Stats, 12/6/2009
Watkinsville, Ga Weekly Real Estate Market Report & Stats, 12/6/2009
Oconee County Ga Weekly Real Estate Market Report & Stats, 12/6/2009
Jackson County Ga Weekly Real Estate Market Report & Stats, 12/6/2009
Madison County Ga Weekly Real Estate Market Report & Stats, 12/6/2009
Oglethorpe County Ga Weekly Real Estate Market Report & Stats, 12/6/2009
For more information about real estate, or, if you are interested in buying or selling your home or property in the Greater Athens and N.E. Ga area, please call me at 706-207-5290. You can search for real estate in and around Athens and N.E. Ga by visiting my webpage, The Athens Real Estate Page.
