Despite much uncertainty revolving around the real estate industry in recent weeks, the market has proven to remain stable and has been showing signs of growth with new listings up 12.1% since April. Atlanta remains the 9th hottest housing market according to Atlanta Agent Magazine, and many are seeing now as a prime time to sell, with interest rates at historical lows and buyers wasting no time while house shopping. This has provided some optimism for those unsure about what’s to come of the Atlanta housing market.
With more serious people looking for homes and less inventory available, listing prices have seen a slight increase of 6.6%, but even so, it has yet to deter buyers. Homes continue to go under contract with pending listings up 6%, and overall under contracts up a complete 10%.
Real estate sales across metro Atlanta have experienced notable growth, revealing stable and promising conditions for new to market homes. For more information on market trends in regard to current nation-wide circumstances, contact us.
Source: FMLS. All Areas, attached and detached from 4/24 to 5/1 and 5/1 to 5/8