Home sales stable in Albany - WALB.com, South Georgia News, Weather, Sports

Home sales stable in Albany

May 3, 2006

Albany -- After years of rising home prices, the housing market is slowing. Many houses remain unsold for months nationwide, but that's not the trend in Albany.

Realtors say home sales are stable and most homes stay on the market for the average amount of time. Some say demand for homes remains fairly constant because people continually relocate to the area for jobs.

Albany Real Estate realtor Linda Hudson-Kirk says the area is also attractive to retirees and those moving from hurricane-prone areas.

"They're still maintaining, it seems to be a stable market. It's not down and for sure it's up, and we're proud of that," said realtor Linda Hudson-Kirk.

In Dougherty County home values continue to rise. The Tax Department tells us property sales are at least 10 percent higher than values found in 2002.

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