Is the Atlanta Real Estate Market Changing?
Is the Atlanta Real Estate Market Changing?
Many areas in Metro Atlanta are seeing very low levels of inventory for sale. The latest numbers in many of our markets show inventory levels down 25% – 30% from last year. We are now seeing lots of markets where short sales & foreclosures were only 20-25% of the transactions. Seven Oaks homes for sale, for instance, located in Alpharetta, GA is a great example of this. The mix of properties is changing as well. For the 20-county metro area, short sales & foreclosures were 60% of the total transactions last year. But remember that real estate is local and many markets are different. In addition, there were several transactions that might have been short sales but were recorded incorrectly. The market conditions are improving for sellers and resales are going to be more popular in 2012!
If you want to attain the highest market value for your property, you must have exceptional marketing.
