Last year I was writing about why the only REAL important market report in real estate is a VERY local market report. It’s all fine and dandy to hear the talking heads on (insert your favorite national news network), but national averages mean nothing on the state level. Even state averages mean very little in specific counties. In fact, looking at county level data might only be marginally relevant to a certain city in the county, and even then, there might be specific school districts or subdivisions that buck the trend… one way or another.
I run market reports for Suwanee, Lilburn, Sugar Hill, Buford, Lawrenceville, Norcross and Duluth, and it is surprising how often two cities that are right next to each other in the county will have wildly different market reports.
There is a lot more in the original post… Hop on over and take a look.
- Wayback Wednesday… Absorption Rate, What Is It? (lanebailey.com)