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what is the housing market doing in Paulding County, GA

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gatrac10 posted on 6 Feb 2010 12:37 PM

just checking for opinions on the housing market in Paulding County, GA.

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If you look at Paulding County in the RealtyTrac Trend Center you'll see some good info on foreclosure activity, home prices and sales activity there. Based on that it looks like foreclosures peaked in September in the county (303 properties receiving a foreclosure filing), while home prices bottomed out about the same time. Since then the pace of home price depreciation has slowed and foreclosures have also slowed, although the county's foreclosure rate in December (0.61 percent of housing units received a foreclosure notice) was still more than twice the state and national average.

In the sales tab you'll see that sales of properties in some stage of foreclosure have held pretty steady over the past six months as has the average discount on a foreclosure purchase (around 30 percent).

Hope this helps.

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