Oglethorpe County, Ga 12 month sliding average of residential sales has shown a volume drop of 5 units after being flat or increasing slightly for 6 months. Sales volume is the lowest since June of 2009. Whether or not this month is an anomoly and the volume will pick back up and stabilize again is yet to be seen. However, the higher pending sales numbers than recent reports is positive.
Both the average and median sales price, while still down from a year ago, are continuing a 3 month trend higher. At the same time, however, average D.O.M., days on market, is at a 12 month high. Residential sales include the sale of single family residences, condos, townhomes, mobile and modular homes.
The Oglethorpe Count pending residential sales at the end of March are 23 units.
The following chart tracks the sliding 12 month averages for Oglethorpe County Ga through Mar 31, 2010.
| Oglethorpe County | ||||||
| Date | DOM | Average | Median | # sold | ||
| 1-Apr-09 | 174 | $133,678.00 | $134,900.00 | 77 | ||
| 1-May-09 | 158 | $128,868.00 | $125,875.00 | 78 | ||
| 1-Jun-09 | 166 | $131,032.00 | $125,875.00 | 86 | ||
| 1-Jul-09 | 164 | $127,220.00 | $127,000.00 | 87 | ||
| 1-Aug-09 | 169 | $120,862.00 | $117,000.00 | 86 | ||
| 1-Sep-09 | 163 | $117,237.00 | $114,500.00 | 88 | ||
| 1-Oct-09 | 164 | $119,434.00 | $114,000.00 | 85 | ||
| 1-Nov-09 | 170 | $124,039.00 | $117,500.00 | 86 | ||
| 1-Dec-09 | 173 | $115,156.00 | $115,000.00 | 86 | ||
| 1-Jan-10 | 169 | $114,062.00 | $114,000.00 | 87 | ||
| 1-Feb-10 | 168 | $113,210.00 | $114,000.00 | 89 | ||
| 1-Mar-10 | 176 | $113,829.00 | $115,000.00 | 89 | ||
| 1-Apr-10 | 177 | $114,975.00 | $117,500.00 | 84 |
All figures above are for 12 months and provide a clear picture of year to year and month to month trends in the market. Using annual numbers helps smooth out any temporary spikes or dips from month to month as well as shows the year to year comparisons which is an indicater of how the market is doing year to year.
For more information on Oglethorpe County, GA or if you are interested in buying or selling your home here, please call me at 706-207-5290. Or you can click here to email me with your inquiries. To search for homes in Oglethorpe County please visit my website The Athens Real Estate Page.
