Single family home sales in four areas of North Fulton show a slight drop in sales compared to last years market. While last year there were about 55 more sales overall, the price and time it took to sell did not change much. Last year Seller’s were averaging about 96% of their list price with an average of 65 days on the market. This year Seller’s were averaging about 95% of their listed price with an average of 66 days on the market.
The condo market has not fared as well as the single family homes, but they are holding on their prices. Last year there were about 100 more sales in the condo market than this year. The good news is that the condo owners have been selling at approximately 96% of their listed price with an average of 100 days on the market. Last year condo sellers were averaging about 98% of their listed price with an average of 91 days on the market. Be patient and you will sell.
This information was taken for a small section of Atlanta and compared July 2007 to July 2006 and therefore, may not hold true for all areas.
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