January 1, 2007 to December 31,2007 Fayette County 12 month home sales report

1538 single family homes SOLD with an average sales price of  $313,529

1383  homes EXPIRED UNSOLD with an average list price of  $387,633

53% sold while 47% did not sell.  The homes that sold averaged $74,100 less that the homes that did not sell.  The average price difference indicates that most of the 47% that did not sell, were substantially overpriced.

There are currently 1225 homes on the market is Fayette County

Based on last years sales total of 1538 sold for the entire year, we have a 9.56 months supply of home on the market now.

In the last quarter of 2007, 281 or 38% homes sold while 62% or 456 expired unsold.  The average sale price in the last quarter of 2007 dropped to $294,730.

It is more important than ever to choose the agent with the most experience in challenging markets and the best  track record of success. Call me for a FREE consulation. 

leslie edwards the name you know in real estate  770.460.9448   RE/MAX