May Home Sales Figures in North Fulton, GA

Posted by Jeff Aughey on Tuesday, June 10th, 2008 at 10:12am.

Alpharetta HomeIn my market (North Fulton County, Georgia on the east side of HWY 400), May sales figures remain flat between April and May, which represents a 32.8% drop as compared to May of 2007 in the same market. The most pronounced change since this time last year was seen in the mid-level homes, priced between $275-600K. This price range dropped a whopping 43.6% in total sales over last year. Inventory for this market increased 15%. Total inventory divided by pace of sales, offers a 12.88 month supply of homes in this price range now, which is a 127% increase in the supply over 2007. Taking a preliminary look at the June figures, there is nothing to suggest that the market is breaking out of the current pattern. I'll keep you updated as the month progresses.

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