An overwhelming number of homeowners are happy with their decision to purchase a home, despite the challenging housing market.

According to a survey conducted by Bankrate.com, 90 percent of respondents said they had no regrets about buying their current home.

In addition, the survey revealed one positive outcome related to the current housing market —homeowners are far more knowledgeable about mortgages.

Just 8 percent of homeowners did not know whether they had a fixed-rate or adjustable-rate loan, compared to 26 percent two years ago.

Among the small percentage who did express regret in their home purchase, one-third said they were disappointed they were unable to sell and move on and one-fifth said they could not afford the mortgage payments.

The survey underscores the value homeowners place on their houses, both financially and socially.

Although we continue facing many challenges in our markets, most homeowners agree home ownership is and always will be the American dream.

Some quick advice to those considering selling in this buyer’s market. An agent at a recent stat and chat session I attended emphasized a “sell low, buy lower” approach.

Below are statistics from Georgia and/or First Multiple List Services for July.

Forsyth

• Number of sales: 181

• Average sales price: $293,527

• Sellers received about 94.4 percent of sales price versus list price

• Pending contracts: 186

Dawson

• Number of sales: 17

• Average sales price: $251,163

• Sellers received about 91 percent of sales price versus list price

• Pending contracts: 22

Lumpkin

• Number of sales: 24

• Average sales price: $142,374

• Sellers received about 92 percent of sales price versus list price

• Pending contracts: 16

Missy Castleberry-Taylor is public relations director for 400 North Board of Realtors.