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Atlanta's Monthly Real Estate Market Trends
Dated: March 26 2017
Market Trend Reports provide a great insight into the real estate market and help guide consumers and REALTORS® as they navigate a real estate transaction.
Spring is early this year. The spring and summer seasons tend to be the busy season for real estate. This season is no exception. Early warm weather, speculation, lack of inventory (especially new construction), and increasing property values are only a few factors likely to spark this real estate season into high gear. There is less than 3 months of inventory in most Metro Atlanta Markets. What this means is that if all builders stop building today, in 3 months time, all available homes for sale will be gone. A balanced market is between 5-7 months of inventory. It is still very much a sellers market. There is an abundance of buyers feeling underwhelmed with the current home options available. Looking to sell? NOW is the time! See what your home is worth here.
In comparison to Jan 2017, for all home types (Single Family, Townhouse, Condo/Coop) February 2017 new listings are up by 5.7%, closed sales are down by 1.9%, pending sales are up by 14.7%, and the median sold price is up by 2.3% which is 7.7% higher than this time last year.
If you are looking to buy, sell, or invests NOW is the time to act. Call, text, and email the Team ROLO team anytime.
We understand that buying or selling a home is more than just a transaction: it's a life-changing experience. That's why our team of highly-seasoned real estate professionals are dedicated to providi....