Athens Market Update- August 2021
The real estate market remains strong! Homes are staying on the market for a shorter period of time and are selling for higher prices than before! Let’s not forget to pay attention to the changing Athens Market for the month of August! Take a look at our August 2021 Athens Real Estate Market Update for the month to understand the residential real estate activity in your area.
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Hard Facts- Athens Market Update
- The number of active listings was down 28% from one year earlier and did not change from the previous month
- The median listing price for July was over $330,000
- The number of days on the market decreased by 40% compared to last year
- The number of units sold decreased by 15% year over year and decreased by 5% month over month
What does this mean for you?
Buyers, this decrease in the number of active listings indicates a smaller selection of homes for you to choose from than the year before. The decrease in the number of units sold indicates a greater opportunity for buyers to negotiate better terms during the buying process.
Sellers, the decrease in the number of active listings means there is less competition in the market. The average number of days spent on the market decreased 40% from the previous year, signaling a positive trend in the local inventory turnover rate. Sellers are able to sell their homes faster than before.
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. That’s why we are grateful to provide up-to-date information for our clients to stay informed about recent residential real estate trends. Our team knows the Athens market well, and your experience is our top priority. Take advantage of the real estate market now and get your home sold FAST! Contact us today to get a head start.