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My Take on Today's Local Real Estate Market

Since March 1, 2020, 209 homes have gone under contract in Hall County at a price point from $84,900 to $995,000. Interestingly, my listing at 5680 Steve Black Road in Clermont was the most expensive listing that went under contract. The most expensive Lake Lanier home in Hall County that went under contract is listed at $640,900, and it went under contract on March 3, scheduled to close May 1. Overall homebuyer demand has declined in response to current economic conditions. However, locally, homes priced in the $300s and below continue to be shown and even experience multiple offer situations. Just within the past week, I've encountered multiple offer situations with a couple of buyers in this $300,000 and below price point. To illustrate this point, of the 209 homes showing pending in Hall County since March 1, only 13 of those listings are priced over $500,000, according to FMLS data. How are we selling and showing homes? I'm not showing homes that are occupied…

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