Oglethorpe County, Ga 12 month sliding average of residential sales has shown a slight volume increase of 2 units after being flat for 4 months. Both January and February of this year have shown a sales volume higher than any of the other previous 11 months. This trend is a pretty good indicater that sales volume has bottomed in Oconee County and may be recovering.
The average selling price, while flat to slightly higher is still down significantly from the same period last year. This is most likely due to the increasing influence of ROE (foreclosure) sales, short sales and sales to first time home buyers.The average Days on Market (D.O.M.), which has been rising again is still below but approaching it's highs of April. The median sales price has remained relatively flat for 7 straight months showing some stabilization.
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 February are 15 units.
The following chart tracks the sliding 12 month averages for Oglethorpe County Ga through Aug 31, 2009:
| Oglethorpe County | ||||||
| Date | DOM | Average | Median | # sold | ||
| 1-Mar-09 | 161 | $132,423.00 | $134,950.00 | 80 | ||
| 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 |
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.
