Athens Market Update- November 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 November! Take a look at our November 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 50% from one year earlier and down 22% from the previous month.
- The median listing price for November was under $358,000
- The number of days on the market decreased by 22% compared to last year
- The number of units sold decreased by 20% year over year and decreased by 22% 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 22% 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.
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Mark Spain Real Estate is grateful to serve all of Metro Atlanta, including Athens in Georgia, Raleigh and Charlotte and Greensboro in North Carolina, Nashville and Chattanooga in Tennessee, Tampa and Orlando and Jacksonville in Florida, Greenville in South Carolina, and Birmingham in Alabama!