News is mixed.
In Oconee County the sliding 12 month sales figures have shown a slight decrease in the number of homes sold in the area, except for the most recent month when there was an 8% decrease. In the year ending Jan. 1, 2008 the total home sold was 496. In the 12 months from Aug. 1, 2007 to Aug. 1, 2008 the total number sold was 429. That is a decrease of over 13% with more than half of that in the last period. At the same time D.O.M. had a 17% increase from 180 to 211 days.
At the same time the sliding 12 month median price went up slightly from $273,500.00 to $275,000.00, an increase of less than 1%. The average price, in the same period went from $315,785.00 to $309,415.00, a decrease of about 2%
The following chart shows the sliding 12 month figures:
| Date | D.O.M | # Sold | Median Price | Average Price |
|---|---|---|---|---|
| 1/1/2008 | 180 | 496 | $273,500.00 | $315,785.00 |
| 2/1/2008 | 186 | 487 | $275,000.00 | $314,269.00 |
| 3/1/2008 | 191 | 487 | $275,000.00 | $313,979.00 |
| 4/1/2008 | 195 | 490 | $272,000.00 | $310,178.00 |
| 5/1/2008 | 199 | 491 | $269,000.00 | $306,516.00 |
| 6/1/2008 | 201 | 472 | $272,000.00 | $307,398.00 |
| 7/1/2008 | 206 | 465 | $275,000.00 | $309,223.00 |
| 8/1/2008 | 211 | 429 | $275,000.00 | $309,415.00 |
For more information on buying or selling in Oconee County please contact me by phone or email.
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