North Fulton Real Estate Stats I wrote recently about the decreasing inventory levels and increasing sales number s over the past 12 months. Inventory levels are down 18% in North Fulton. Which raises an obvious question; at what point to we see average sales prices increase. There have been some limited but positive indications that prices have stabilized or are showing minor improvements.

Across all price ranges, for homes in North Fulton, we have about 8.8 months of inventory. That really isn’t bad considering last year at this time we were at 10.6 months of inventory! We are trending in the right direction. But what should we want to see? A balanced market is around 6 months of inventory.

That brings me to our bright spots.

In North Fulton for homes listed from $250,000 to $300,000 there is 6.8 months of inventory. I know, that’s a pretty tight window, right? Yes, but it is a price range quite a few people search in, for sellers in that range it’s a good  thing. Also, not surprisingly, just about anything under $200k in North Fulton is fairing well (if the property is in good condition).

In the $750,000+ range, as you would expect, things are moving much slower, with nearly 17 months of inventory available. Of course, there are things moving in this price range, some faster than others (shameless plug ).

Just more news for our area that indicates some improvement. We’re heading in the right direction.