March Market Update: Athens
Athens is changing, let’s take a look at the market update in March as we move through April! Mark Spain Real Estate has summarized the key real estate trends of the Athens real estate market so you can stay well-informed and make the best decisions.
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The Hard Facts: Athens Market Update
- The number of active listings was up 2% from the previous month in February
- Average number of days units spent on the market before being sold was down 16%
- The median sales price of a home in Athens was at $252K
- The number of units sold increased 46% month over month
What Does This Mean For You?
Buyers, the increase in active inventory listings in the Athens market update means you have a larger selection to choose from when finding the perfect home. The median sales price of homes in March increased from $225K in February to $252K. This increase indicates that buyers may need to negotiate deals to receive a better price compared to last month.
Sellers, the high number of days decreased from 60 to 50 days in March. This lower amount of days may signal a positive trend in the local inventory turn over rate! The number of units sold decreased 7% year over year, and increased 46% month over month. Despite a slight annual decrease, this upward monthly sales trend indicates a positive momentum in the Athens market. Overall, it looks like Athens is currently in a sellers market, with median home sales prices increasing and positive momentum throughout!
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 metro 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. If you would like more information or assistance, please contact us here.