Looking Out From the Garage: July 2011

The Gwinnett County Market is a Little Weird Right Now...

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Image by lane.bailey via Flickr

I have been pulling Gwinnett County Real Estate Market Data, and I'm not done with it yet.  But, I have been seeing a few things.

  • Listings are down markedly from where they would normally be.  This can be either a positive or negative, depending on your outlook.
    • On the Plus Side, fewer listings means that Absorption Rates are better.  There is less inventory to get sold... it tilts the table back toward sellers.  It has been largely tilted toward buyers for quite a while.
    • On the Minus Side, it shows that there is pessimism in the market on the side of sellers.  They aren't confident about the market.  That lack of confidence has carried over to buyers... sales are also slowing.
  • Sales are down... like I just mentioned.  Even though Absorption Rates make the market look better... the sales just aren't there.
  • Results are mixed.  There are a few cities that are doing well... and there are a few price segments that are doing quite well.  Others are VERY weak.
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Comment balloon 5 commentsLane Bailey • July 16 2011 08:16PM
The Gwinnett County Market is a Little Weird Right Now…
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Image by lane. bailey via Flickr I have been pulling Gwinnett County Real Estate Market Data, and I'm not done with it yet. But, I have been seeing a few things. Listings are down markedly from where they would… more