Stats
Here are the stats (single family homes) for the Columbus, GA (Muscogee & Harris Counties) real estate market for the week ending 8/22/09
1416 homes for sale (median list price $174,900, median days on market 91 days)
38 homes went under contract (median price $172,400)
37 homes sold(closed) for the week (median price $139,900, median list price/sale price ratio 97.71%, median days on market 70 days)
10.58 month supply of inventory
2009 Year-to-Date stats (single family homes) for the Columbus, GA (Muscogee & Harris Counties) 1066 homes sold(closed) with a (median price $147,103, median list price/sale price ratio 98.03%, median days on market 93)
Compared to:
2008 Year-to-Date stats (single family homes) for the Columbus, GA (Muscogee & Harris Counties) 1252 homes sold(closed) with a (median price $150,000, median list price/sale price ratio 98.43%, median days on market 106)
Many may not perceived it but it is actually the best time to purchase a new home because of the advantages it offers such as lower price, lower interest rates, tax savings, more choices etc. So instead of wasting money in renting a place, buying something that can be an equity is far more better option.
ReplyDeleteYes, I agree, but getting folks to understand that has been a bit hard. First time buyer even get an $8,000 tax credit if their home closes before the end of November.
ReplyDeleteThanks for adding your comment...
Doug