April Market Update: Athens
As summer approaches, let’s not forget to pay attention to the changing Athens market! Mark Spain Real Estate has summarized the key real estate trends of the Athens April market so you can stay well-informed!
The Hard Facts: Athens Real Estate Market
- The number of active listings decreased 3% from the previous month
- Average number of days units spent on the market before being sold was down 19%
- The median sale price for a home in Athens market was at $248K
- The number of homes sold decreased 19% month over month
What Does This Mean for You?
Buyers, this smaller inventory means that those who waited to buy may have had a smaller selection to choose from. The median sale price of a home decreased from $250K in March to $248K in April, which means buyers are getting better deals when purchasing homes in the Athens market. Fewer number of homes sold in the Athens market allows for buyers to negotiate better terms.
Sellers, the number of days home spent on the market decreased from 52 to 42 days this April. This lower number of days may signal a positive trend in the local inventory turnover rate, as sellers are able to sell their home faster than last year. The number of homes sold decreasing month over month is simply indicative of the unprecedented time we are going through.
Mark Spain Real Estate is here to help you make smart and informed real estate decisions. 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 coupled with an unparalleled level of customer experience. Our team knows the Athens market well, and your experience is our top priority. Contact us today to get a head start.