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So Much Homes For Sale…Why?

by Wade Morris Dunwoody Realtor on June 21st, 2010

I just moved to a medium-high class neighborhood last May 2006. Almost all of the homes were bought out within 6 months. Now, I am seeing lots of homes in my neighborhood that has a sale sign.

I don’t know how many homes exactly are in my neighborhood, but I’m guessing around 30. And, about 8 or 10 of those now are selling their homes…

Just curious, why? I do know that being a first time home owner, like most of those others here, it’s tough paying the high bill cost. But I saved up, just in case the bills increases.

So I’m assuming they’re selling their homes, because they couldn’t afford the monthly payment, or they’re young, and should have never bought a home that expensive?

What is the state of home sales right now? How about in Washington State, where I live?

Thanks… :)

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about the author Wade Morris
I’m part owner of Home Source Group of REMAX Greater Atlanta Realtors® specializing in Atlanta Homes in Brookhaven, Chamblee, Dunwoody, and Sandy Springs. Whether you are buying or selling your home we work with resale’s, first-time home buyers, companies relocating people to Atlanta, and most home sellers in northern part of the Greater Atlanta area.
Contact Me today
678-248-3500
wade@wademorris.net
2 Comments
  1. pudges #1 fan permalink

    well i no in mi a lot of the people are moving bc there arenot enough jobs but i am not sure about it bc i dont no about were u live

  2. CMass Stan permalink

    I don’t live in Washington State, either, but you hit on a couple of possible reasons why you’re seeing a rash of For Sale signs.

    Maybe these young families have to move due to job relocation. Maybe they decided to move closer to family. Maybe they decided to move away from family. Maybe they have the itch to move frequently, and they’re not currently bound to the current economic conditions. I know of those reasons just in my own community.

    Just consider yourself blessed that you have the means to ride out this storm right now, and hope your own situation doesn’t change to the point that you might end up having to put a For Sale sign on your lawn anytime soon.

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