The Real Estate Market here in the North Georgia Mountains continues to show signs of steady improvement. Of course we slipped a little in April as you will see, but overall the market continues to make small steps towards a full recovery in my opinion, at least here in the mountains of Georgia. Other areas have already experienced amazing growth and have rebounded fully.
The Median Sold Price is up from $166,000 to $169,000 for the North Georgia Mountain Real Estate Market. That is an increase of 2% year over year from last April. The Median For Sale Price also experienced an increase of 6% to $220,900. The total number of Sold Properties did not change and was the exact same as last year at 131 Homes and Cabins Sold.
The Average Days On Market (DOM) is down significantly to 148 Days from 206. That is a decrease of 58 Days or 28%. The Month’s Supply of Inventory is also down from 13.8 Months to only 10.3 Months. This is really good to see a decrease in both of these areas, that means that we are selling more homes than are coming into the market, and we are selling them in less time.
That is your North Georgia Mountain April 2015 Real Estate Market Update. If you are thinking about Buying or Selling here in the mountains, please do not hesitate to reach out to any member of The Mountain Life Team and I am certain that you will be well taken care of. We absolutely love what we do, and taken care of our customers and putting our Clients First is what we contribute much, if not all of our success too. Thank you for taking the time to visit our site, and viewing this report. We hope you come back to visit us again real soon.
Make it a great day!