Joan's Real Estate Blog

Homes sales in July in Gwinnett County, GA dropped from June’s sales of 913, which was the highest of any month yet this year.  July sales dropped to 659 which is far lower than sales in July 2009, which was 789.   This was no surprise.

If you look at the trend in prices since January 2010, prices seem to be holding rather steady.  Could we be at the bottom of this rocky market here in Georgia?  Maybe, but with unemployment still high, more adjustable rate loans getting ready to adjust upward, and the number of foreclosures still on the rise, it’s doubtful.  There is still too much inventory and not enough buyers, thus putting pressure on prices to decline.

If you are interested in knowing what your home value may be, go to www.GAHomePrices.com and I’ll be happy to send you information on home prices in your neighborhood.