February Market Update: Athens
The month of February is reaching its end! As spring approaches, let’s not forget to pay attention to the changing market! Mark Spain Real Estate has summarized the key real estate trends of the February Athens market so you can stay well-informed!
The Hard Facts
- The number of active listings is up 9% from previous months
- The median listing is at $299K, an increase from last month’s listing price at $289K
- A home’s average days on market is down 13% compared to last year
- The number of homes sold has decreased 31% month over month
What Does This Mean For You?
Buyers, the increase in active inventory listings in the Athens market means you have more options to choose from when finding the perfect home. Also, the decrease in number of homes sold may indicate that buyers can negotiate better terms for their contracts!
Sellers, an increase in the listing price may give you higher offers on your home than before. Also, the lower number of days a home is on the market for may signal a positive trend in the local inventory turnover rate. Even though the amount of homes sold as decreased month over month, don’t let this get you down! The Athens market is always changing. As the spring season approaches we may soon face more changes in the market!
Does the Athens February market update have you thinking about moving? Navigating the real estate market can be difficult, and you don’t want to do it alone. With Mark Spain Real Estate, you’ll get maximum exposure to your Athens home. Our team knows this city and surrounding neighborhoods and your experience is our top priority. Contact us today to get a head start.