Housing market closed sales, average prices drop in June
Jul 05, 2012 | 1529 views | 0 0 comments | 4 4 recommendations | email to a friend | print
The real estate market in Rome took a hit in June with a lower volume of sales and a 22 percent drop in sales prices, according to figures released by Jason Free President of the Greater Rome Board of Realtors.

According to the Georgia Multiple Listing Service, closed sales for June 2012 dropped 13.9 percent to 68 from 79 in June 2011. This is the first drop in closed sales this year with modest to significant gains showed earlier this year.

The largest drop was apparent in the total volume of closed sales - the entire price tag of all homes sold in Floyd County in June 2012.

That figure dropped 33 percent from June 2011 to June 2012 from $6,612,688 to $9,870,151 - a little over $3 million.

This number doesn't mirror the trend from earlier months in the year. The Floyd County real estate market showed gains, including a 94 percent gain in April, with modest losses earlier in 2012.
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