Metro Atlanta Market Snapshot

Here’s a quick snapshot of the metro Atlanta real estate market for the 1st quarter of 2012.  While we keep hearing that prices are down, this varies greatly from one neighborhood to another.

  • The Number of Houses for Sale (Inventory) is DOWN 34% from this time last year
  • The Number of Houses Under Contract (Pending) is UP 27% from this time last year
  • The Decrease in Inventory means that we are in a Balanced Market with 5.9 Months of Supply
  • The Median Sales Price is down 15% from this time last year, but this number varies greatly from one neighborhood to another.

There are more buyers are in the market, but prices are still attractive. They have less houses from which to choose, which means less competition for sellers.

If you are thinking of buying or selling, give us a call today!

 

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