Fear of moving may be impacting Cherokee County home sales

Though many may have the desire to move, the fear of a lack of job stability is causing prospective homebuyers to hesitate, according to the Cherokee Tribune in Georgia.

This fear may be having a tangible impact on the housing market in the Cherokee County area, where January reports showed 77 less homes were sold than the month before.

The average sales price for homes was also down, from $202,649 in December to $196,264 last month, according to the statistics, which were taken from the First Multiple Listing Service real estate report. Additionally, the number of new homes being placed for sale as determined by local listings were up 85 units from December.

Area housing industry officials believe that housing market uncertainties are influencing the moving plans of potential homebuyers and sellers.

"A lot of people are afraid to make that big move," local realtor Sharon Chubb told the Tribune.

However, others are hoping that as the market stabilizes, home sales will be driven up by people realizing this is an ideal time to buy.

Cherokee County is not the only area in Georgia suffering real estate losses as a result of the recession. The state has had a high number of foreclosures throughout. 

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