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Real estate is local, and even in an area where home sales are soft, there will be pockets of strength, and pockets of weakness in strong markets. That's just the way it is....

For Example the Areas Below Compare the Average Sales Price for the Last 6 months to the Same 6 Months a Year Before:
EAST COBB:
Easthampton: $619,770 ($527,900) + 15%
Chimney Springs: $335,487 ($295,543) + 12%
Walton HS: $537,436 ($455,991) + 15%
Pope HS: $343,102 ($341,460) + .5%
Lassiter HS: $373,977 ($352,610) + 5.5%
NORTH FULTON:
Edenwilde: $474,500 ($471,690) + .6%
Wexford: $474,500 ($471,690) + .6%
Roswell HS: $382,736 ($369,498) + 3.5%
Milton HS: $546,945 ($522,691) +4.5%

HOW DO THE NATIONAL HOME PRICE INDICES COMPARE:
Every index has some kind of deliberate exclusion that regulates it's results. The National Association of Realtors' monthly housing sales come from multiple listing service records. That excludes homes that sold without a Realtor participating such as some builder homes and for-sale-by-owner properties. The Commerce Department along with the National Association of Home Builders, tracks the sales of only new homes, because it's interested in gauging producer sales, not resales. The Case-Shiller index, which tracks multiple sales of the same homes, excluding attached homes and newer homes - both of which cost more than existing family homes, and the information doesn't come out for two months. A major flaw is that it may overemphasize the coastal regions that had the biggest bubbles. It, also, only covers 100 major markets with incomplete coverage in 29 states and fails to include coverage from 13 states. The OFHEO index relies on data collected by Fannie Mae and Freddie Max....so it excludes loans too big for Fannie and Freddie to guarantee or too shaky.

As you can see, if you truly want to know what is happening your your "world", call me today: 404-788-7444.