Market Conditions

How is the Real Estate Market?

With all the bad news about the housing market on every channel, its easy to see why so many people are frightened.

Everyone needs to understand that this is not our local market condition. Our numbers are steady. I would like to give you a few facts about our local market. The following information is provided by our local real estate board.

This is based on residential homes only (land & commercial not included)

Average home sales price in 2006 $116,629       Average home sales price in 2007 $118,694

Average ERA King price in 2006 $127,427        Average ERA King price in 2007 $118,076

Total homes sold in Etowah County 2006=972          Total homes sold by ERA King 2006=236

Total Homes sold in Etowah County 2007=925          Total Homes sold by ERA King 2007=308

Total sales volume in Etowah County in 2007=$110,200,284

Total sales volume by ERA King in Etowah County 2007=$36,367,300

ERA King Sold 33% of all homes in Etowah County in 2007

That is better than 1 of every 3 homes listed.



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