Last month I told you that the top 10% were selling and that it was the first time that Metro Atlantans went from keeping 97% of their asking price to 95% - showing an actual 2% depreciation. This month the news is not any better.
With 9,849 Active Properties and only 249 closings last month, you'd had to be in the top 2% to sell. The average days on market has finally squeaked over the 3 month mark as well. So if you aren't in that top 2%, you'll be sitting for quite some time indeed.
The good news is that sellers are back up to 97% of their asking price.
The average price a home sold for in Gwinnett County is $221K. So if you're in this price range or slightly lower you should be doing well. Especially with the average price of an unsold home is $316K.
What's the home of the month? A whopping 7.99 Million Mansion with 11 bedrooms and 10 Full baths. It's been sitting for 281 days.
