Well, I think we’re finally seeing a slow down in the real estate market in Athens. Not bad, compared to other parts of the country, but still –things seem to be moving a little slower. Based on statistics from the Athens ILS, there were 1170 residential sales in the 2nd quarter 2007. In the 2nd quarter 2006, there were 1317 residential sales. This is not a drastic drop and the 1st quarter was actually higher in 2007 (2007 1st qtr. 820 sales and 2006 1st qtr. 697 sales for residential sales).
I believe that all the good publicity about Athens has helped the market to continue at a steady pace. Hopefully, things will turn around for all areas soon.
But, in the meantime, this could be an excellent time to buy. If you’re considering moving to Athens, see all area listings at http://www.movingtoathens.com/