One of the privileges of my real estate practice is access to mls hard data. I like dealing with hard data-the proven facts-as a way to objectively look at a situation. Many times we do not like the end result, but it is what it is.
Every home owner wants to know if our local real market has begun a recovery phase. Real estate is local. Very local. What is going on in the local markets of Alpharetta, Johns Creek and Milton is different from the Cumming, Sandy Springs and Buckhead real estate markets. I wanted to share the data gathered from the mls. The data used in this example is about North Fulton exclusively, north of the Chattahoochee River and east of GA 400 in North Fulton County.
The data below specifically reflects the most active selling price range in North Fulton which has always been the $300,000-$499,000 price point. These numbers refer to RESALE homes only.
DECEMBER 2009
Homes sold past 12 months: 409
Months of inventory: 5.6
DECEMBER 2008
Homes sold past 12 months: 455
Months of inventory: 8.2
DECEMBER 2007
Homes sold past 12 months: 656
Months of inventory: 6.0
DECEMBER 2006
Homes sold past 12 months: 766
Months of inventory: 3.7
DECEMBER 2005
Homes sold past 12 months: 808
Months of Inventory: 2.4
DECEMBER 2004
Homes sold past 12 months: 771
Months of inventory: 2.8
DECEMBER 2003
Homes sold past 12 months: 766
Months of inventory: 3.4
DECEMBER 2002
Homes sold past 12 months: 642
Months of inventory: 4.7
Do you think the real estate market in our area is on the path to recovery?
Tags: Alpharetta, GA., Johns Creek, Milton, North Fulton, real estate market
