Local Stats – not the market it was…
Just wanted to share some info that I find interesting. As a buyer or a seller, we all want to see a healthy market and I have to say we seem to be moving that way. I have lots more stats but for now here are some interesting points.
Gwinnett Co. over the last 24 months. See the pattern?? There are fewer houses on the market. A lot fewer.
For Sale – Last 24 Months – Gwinnett
This one shows how many are under contract. The trend here is up. A lot. That means higher demand. You can click on it for details.
Total Under Contract in Last 24 Months – Gwinnett
This one shows the number of months of inventory we have. It is dropping dramatically.
Months of inventory Gwinnett
Supply and demand work. It is a basic principle and it says we are coming back. I know some would raise the specter of the Shadow Inventory but go back to my article on that about a month ago. Real estate is a local story and our story is not what you see on the national news.
I will be sharing more but wanted to get something in front of you to chew on. The average price/sqft is up, the number of days-on-market is down, inventory has plummeted and buyers have flooded the marketplace!!
It is now the time to sell if you have been considering that at all. It is a sellers market!! Really.
Call me if you have questions.
Thanks for listening,
Jerry Robertson | Associate Broker
Keller Williams Realty | Atlanta Partners
678-231-1578 Cell | 678-935-1342 FAX
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