October 2008 Georgia Mountain Residential Real Estate Market Report

Welcome to “The Porch.” Every month I post various reports for those interested in what is going on in the Real Estate world up here in these beautiful Georgia Mountains. These reports include the Ellijay, Georgia area of Gilmer County, Blue Ridge, Georgia and surrounding areas such as Mineral Bluff and Morganton in Fannin County, and also Blairsville, Georgia on over in Union County.

In months past I have kind of lumped all of the counties together so that you can see more easily exactly what is going on in each county and how they compare. Well this month I have compiled the data a little more in detail. I have gone back within our Northeast Georgia MLS and pulled data from there back to May of this year.

If you have any questions or if there is some information that I have not covered in this Georgia Mountain Market Report, please email me at [email protected], or you can simply call me at 706.633.8186.

2008 Gilmer County Residential Market Report.003

2008 Fannin County Residential Market Report.001

2008 Union County Residential Market Report.001

These next series of reports focus on the Average Days that a home stays on the Market. This helps us as Realtors to determine the number of days we can expect a home to stay on the market when it is priced accordingly and in the market. This is very important information to share with future clients just before you list their home. You will sometimes see Days On Market abbreviated as DOM.

Gilmer County  Average DOM.004

2008 Fannin County Residential Market Report.002

Union County Average DOM.001

I find these next series of Reports to be very interesting. These reports tell us at todays current sales rate, just how many months it would take to sell all of the inventory that we have in that particular market. I have also included the National Association of Realtors numbers that they compile as a National Average so that again you can compare our market to that of the Nation.

Gilmer County MSI.005

2008 Fannin County Residential Market Report.003

Union County MSI.002

Again I hope this helps you have a better understanding as to what is happening in our Northeast Georgia Board of Realtors. If I have left out any information that you would like to see, or if you have any suggestions on future Georgia Mountain Market Reports, please let me know. You can email me at [email protected], or you can call me on my cell phone at 706.633.8186. Please be sure to also check out My New Website.

Make it a GREAT week!

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