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Residential Single Family Sales for 2000 through 2007
Posted on Feb 12, 2008 by Mike Geyer (data from Athens ILS)
Unless you’ve been on a beach somewhere for the last year, you have been hearing about how bad the real estate market is in the United States. The sub-prime mortgage collapse is real in many communities around the country and the economy has been trying hard to stay out of recession. However, in Athens we have seen less than our share of these kinds of problems. In fact business is close to normal for this time of year and mortgage rates are hovering around 5.5%, near all time lows. The chart below shows that while business was down last year, it was still the third best year ever for Athens. The sector most affected was new construction with sales of existing homes doing much better. Inventories of new and existing homes are still too high but well priced properties are still selling with near normal marketing times.
Year Total Units Total Volume
2007 4,090 $671,000,000
2006 4,502 $759,000,000
2005 4,068 $754,000,000
2004 3,449 $591,000,000
2003 3,144 $479,000,000
2002 2,408 $426,000,000
2001 2,134 $314,000,000
2000 1,746 $236,000,000
Please wait… 
