Looking Out From the Garage: The Gwinnett County Market is a Little Weird Right Now...

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

Comments

Hopefully it will pick up and work in both buyer and seller favor.

Posted by Will Nesbitt, Nesbitt Realty is a family-run brokerage. (Nesbitt Realty at Condo Alexandria) over 7 years ago

Lane, mixed results is what I also see. I am wondering though if 2012 will be the year people in fht efuture look back and say "if only I'd bought it then when prices were low." Only time will tell.

Posted by Maria Morton, Kansas City Real Estate 816-560-3758 (Chartwell Kansas City Realty) over 7 years ago

We are getting the same thing here. Some towns are really roaring ahead....others not so much.  It's all location driven. Even a couple of blocks can make a difference.

Posted by Ruthmarie Hicks (Keller Williams NY Realty - 120 Bloomingdale Road #101, White Plains NY 10605) over 7 years ago

Lane,nice to see you back.  I hope it is for good and am looking forward to your inciteful post.

Posted by Gene Riemenschneider, Turning Houses into Homes (Home Point Real Estate) over 7 years ago

Hi Lane; Same thing here. We have a few pockets that have inventory shortages, but good market time numbers, and Sale/List Price Ratios. Low REO % in much of this area too.

Posted by Steve Baklaich, Treating Buyers & Sellers to Full Service Always. (RE/MAX Results St Cloud Mn real estate) over 7 years ago

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