Posts from July 2023

The local real estate market is cooling off. Properties are still being listed and sold, but the activity and sales numbers have dropped dramatically. I have noticed the decline in showing activity with new listings this summer. We are not seeing the number of showings that we saw earlier in the year and the years preceding that. In fact, sales in Coweta County from June 2022 to June 2023 were down over 18 percent per Georgia Multiple Listing Service (GAMLS). A seasonal and summer lull in real estate is common as people often go on vacations, but the lull seems more pronounced this summer.

Listing inventory is still a problem as well. There are not many options for buyers as they go looking for a home. A low supply of listings has kept real estate prices steady even though buyer demand has tailed off. New listings were down over 20 percent, from June 2022 to June 2023 per GAMLS. At the time that I am writing this, there are only 416 homes for sale in Coweta County per GAMLS....

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By JESS BARRON, Lindsey's Inc. Realtors

Every month, there are many new employees moving into Coweta County. Recently, I had the pleasure of working with the Newnan-Coweta Chamber of Commerce and taking some of the new hires for a "Windshield Tour" of Coweta County. We took them to see many different areas and sites around the county. 

One of the handouts provided to the new residents was a Coweta County "fun fact" sheet provided by the Chamber of Commerce. I knew many of the facts but there were several I did not so I thought I would share:

Coweta County covers 441 square miles with nearly 150,000 residents. The number of residents has nearly tripled since 1990 and will reach 163,00 in the next five years. 

The average Coweta household earns $79,795 per year, compared to the state...

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