Union County May 2009 Residential Market Report

The Mountain Life Team Blogger June 2, 2009

The North Georgia Real Estate Market continues to improve. For the third straight month, we continue to see improvements in Union County. This Residential Market Report will show you that the number of Homes For Sale in Blairsville, GA. continues to slowly come down. This is good news for all the builder’s in Union County. As Realtors continue to reduce our inventory, New Home Construction can then begin to resume at a little bit faster pace.

Although the number of Homes Sold in Blairsville Georgia is going to show a decline of 41% from May of 2008, we have seen a slow but positive increase in the number of Sales during the past several months. Take a look at the number of Homes Under Contract and you will see that we have experienced a matching 41% increase in Pending Home Sales. Our Median Sales Price continues to move downward due mostly in part to the number of Foreclosures that we have been experiencing much like may other States.

Union Counties Residential Month Supply of Inventory has declined 31% from where we were in May of 2008. Our Average Days on Market is slowly increasing to 15o Days which is a 15% increase.

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Should you have any questions or concerns about this or any other North Georgia Mountain Real Estate Market Report, I welcome your call at 706.994.8686, or you may email me at Chad@EmailMyRealtor.com.

Make it a GREAT day!

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