Albany real estate holds its own -, South Georgia News, Weather, Sports

Albany real estate holds its own

May 1, 2008

Albany --  Albany realtors say South Georgia homes have not lost values seen in many other regions of the country.

Bill Butler, the head of the Albany Board of Realtors, says home sales held their own in the last month, despite the national economic slump.

Nationally, housing prices dropped in February at the fastest rate ever, by about 13% in many American cities.  

"Miami, Washington, California. In Albany we didn't have the big bubble, so we didn't have the big burst. Our home prices are maintaining their value," Butler says.   Nationally the median price of a home sold in March was down almost 8% from one year ago.

Butler said sales of Albany homes were slow, but the number of buyer visits was up last month.


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