Tuesday, June 12, 2012

Douglas County Georgia Real Estate Market Stats & Trends Report 2011-2012

This blog post is provided to give you updated housing market statistics and trends information for single family detached homes in Douglas County Georgia.

The blue circle on the chart represents pending home sales for January 2011 98 January 2012 144 which is a 46.9% increase this year over last year; February 2011 111 and February 2012 149 which is a 34.2% increase this year over last year; March 2011 153 March 2012 186 which is a 21.6% increase this year over last year; April 2011 136 April 2012 165 which is a 21.3% increase this year over last year;  May 2011 153 May 2012 196 which is a 28.1% increase from last year. As you can see the amount of homes "under contract or pending sale"  is higher this year compared to last year so that means there are more buyers this year which is an excellent sign for the housing market.

The burgundy circle on the chart represents closed home sales for January 2011 77 January 2012 128 66.2% increase; February 2011 104 February 2012 115 10.6% increase; March 2011 120 March 2012 155 29.2% increase; April 2011 117 April 2012 142 21.4% increase;  May 2011 135 May 2012 154 14.1% increase. Similar to the pending home sales this year over last year, the closed home sales are also higher for 2012.

The green cone on the chart shows the closed sales dollar amount this year compared to last year and each month this year has shown a higher dollar amount than last year for completed home sales.

The purple circle in the back of the chart shows the new foreclosures this year compared to last year. This year shows fewer foreclosure numbers in Douglas County Georgia except for March which was 6.1% higher this year and May which had an equal amount to last year.

Click on the chart for a larger view.


What does all this mean? Well there are fewer homes listed in 2012 but more closed sales and a higher dollar amount of sales so it clearly shows the housing market is more active in 2012 than in 2011 and is showing upward trends for Douglas County GA.

The reason for the lower amount of foreclosures is because when borrowers are headed for foreclosure, more & more lenders are urging them to do short sales as opposed to allowing their homes to get foreclosed on. This is also the reason there are more short sales in the housing market now.

If you need help selling your home in Douglas County, preventing your home from being foreclosed on or an excellent Buyer's Agent to negotiate your sales contract call our team:

1st Choice Premier Realty Group
Maximum One Realty Greater Atlanta
Priscilla Hammond
Mobile 404.503.6562
Message 678.632.2012
Website www.bestgeorgiaagent.com
Email 2012atl@gmail.com

1 comment:

Unknown said...

Amazing how simple it can be to communicate with people and have them understand a certain topic, you made my day.


Jim Zaspel at slideshare

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