The Rome News Tribune is reporting today that home values in Northwest Georgia are falling well below expectations.  The difference between the asking prices on homes and what the homes are actually bringing in the market place is quite high, especially in Chattooga County.  According to the information published, the average asking price of a home in Chattooga County is over $135,000 while the average sales price is around $67,000 – a 50.2% gap. 

The gap between the asking price for homes currently on the market and the average price for which homes have been sold in the past 12 months is 27.8 percent in Floyd County.
In Bartow County, the gap between current asking prices and sales for the past year is 44.9 percent, in Polk County it’s 44.5 percent and in Gordon County it’s a whopping 54.9 percent.

Read more: – Value of residential homes still well below expectations across Northwest Georgia