In 2011, 1,665 single family houses sold in Hall County. Today, there are 1,086 houses on the market for sale. This equals a 7.8 month supply of houses to meet our current demand.
Let's funnel down to a couple of specifics:
1. In 2011, 1,457 houses sold in Hall County that were listed for $300,000 or less. Today, there are 787 houses listed for sale in Hall County for $300,000 or less. This equals a supply of 6.5 months.
2. In 2011, 10 houses sold in Gainesville's Longstreet Hills neighborhood. Today, there are 4 houses listed for sale in Longstreet Hills. This equals a 4.8 month supply.
A healthy supply of houses on a market is said to be 7 to 8 months. When supplies shrink, prices stabilize and then go up. Our largest supply line, traditionally, has been new construction. We do not expect new houses to show up any time soon. For real estate advice and counsel use an expert. If you would like an analysis for your area, contact us anytime.
Home sales in Hall and Forsyth Counties are soaring above their neighbors. We are very blessed to live where we do. Things are getting better.
