So you think you have it tough? There are currently 192 homes listed for sale in North Fulton County that are east of GA 400. Only one of them has gone under contract since December 16, 2008 according to the first Multiple Listing Service.

That is not a slow market, that is a non-existent market.  At that pace it would take over 30 years to sell all of these homes.

For comparisons sake, at this point in 2006 there had been 21 sales for homes listed above $800,000, 18 sales in 2007 and 14 last year as of this date in February.   So what is going on here? Read the rest of this entry »