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Market Trends
Commentary Provided byGerrard Wilkerson If you qualify, now is an exceptional time to buy a home in the Covington area. Great inventory, Growing City, Low Rates with Reduced Home Prices make a home purchase a great value! Call now for more information at 404-399-8208 |
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| Report Date | Fall 2009 | ||
| Nearest Metro Area | Atlanta | ||
| Buyers’ or Sellers’ Market | More buyers than sellers | ||
| Average Time on Market | 60-90 days | ||
| Market Trend | Decreasing | ||
| Housing Inventory | Good supply - Some Prices | ||
| Average Home Price | $150,000 - View Graph Trend | ||
| Best Selling Price Range | $100,000 - $149,000 | ||
| Worst Selling Price Range | $450,000 - $499,000 | ||
| Compared to Last Year | Down 5-10% | ||
| Prices As % of Asking Price | 90-95% | ||
| Multiple Offers? | Yes | ||
| Greatest Activity | Investors | ||
| Buyer Activity for the past 90 days in Covington is | No Change | ||
| Seller Activity for the past 90 days in Covington is | No Change | ||
| Is Financing Available For Qualified Buyers in Covington? | Yes | ||
| Existing Home Prices for the past 90 days are | No Change | ||
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 35-40% | ||
| Housing Hot Spots | Conyers, Lithonia & McDonough areas are considered 'Housing Hotspots' | ||
| Reason to Buy/Sell | Population Growth | ||
| Average Sold Price | $150,000 - View Graph Trend | ||
| National Real Estate Market | |||
| National Summary: National Housing Market Recovery Near? Latest HouseHunt Random Survey Finds Encouraging Signs - First Time Buyers Taking Advantage of $8,000 Tax Credit Like the legendary phoenix which rose renewed from its ashes, the U.S. housing market appears to be on the verge of emerging from the worst real estate market in three years. Several encouraging signs are there. Click here for full article... | |||
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Gerrard Wilkerson
Provision Realty, Inc. Decatur, Georgia 404-399-8208 covington-realestate@go2tim.com Agent Home Page 
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Covington Local News
News for Covington, GA - Thursday September 17th, 2009 3:18pm
It's a great time to purchase in the Covington GA area. Great inventory, growing city, low rate and reduced prices. The Market is slowly climbing upward so now is a good time to purchase while its still a BUYERS MARKET.
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