Worried about the real estate market? Well you probably should be.
But if you live in Decatur, you can breathe a little easier.
Despite a 19% drop in new home prices (a very volatile measure in an entirely built out area like Decatur – see orange line in the chart below), the steadier median resale price of existing homes in the city grew 6.57% in 2007 vs. 2006, according to the AJC’s Home Sale Report for 2007.
Only 14 other zip codes in the entire metro area had larger growth than that. (See the second chart on this page for that ranking) In DeKalb, only 30306 (Morningside) and 30324 (LaVista Park area) experienced larger growth.
Not too shabby. We must be doin’ something right.