Athens Georgia

Impacts of Covid-19 on Athens Real Estate: The Good and The Bad

This area of the market has performed very well as I noted above. May and June were ahead of 2019 by 30% in pending home sales, and overall values appreciated by an average of 4% from 2019. Most of this gain was seen in homes under $600,000. In some cases, properties over $700,000 have seen a small drop in listing price, but those reduced prices are still in line with values from 2019. We have seen a pent-up demand drive a lot of this activity. Home buyers came out of the gates strong in May and so far the activity remains strong.

The Shocking News in the Unemployment Report

The Shocking News in the Unemployment Report Last Friday, the U.S. Bureau of Labor Statistics released their May Employment Situation Summary. Leading up to the release, most experts predicted the unemployment rate would jump up to approximately 20% from the 14.7% rate announced last month. The experts were shocked. The Wall Street Journal put it this way: “The May U.S. jobless rate … Read More

Athens Real Estate Update March 2020

Thankfully, it is not raining today in Athens.  I truly believe that the rainy weather has slowed the spring market here in town.  In recent years, the real estate market would usually heat up in January, but this year I feel like we were a little late getting underway.  I know a lot of realtors … Read More

Stories in Real Estate: Sellers Beware

Here in the Athens area, our real estate market has been very strong for the last couple of years. Currently, our inventory is low which has created a competitive market. In some cases, we see multiple offers and some properties might even sell over list price. However,