Builders…..if your credit isn’t shot, there’s lots of money to be made in the Atlanta real estate market. With inventories of new construction and resale homes at historically low levels, a well built and reasonably priced home shouldn’t take long to sell.
As of 2/7/14, there were 2228 newly built metro Atlanta homes for sale and 28630 resale homes for sale in metro Atlanta. There were 1065 newly built metro Atlanta homes under contract and 10827 resale homes under contract in metro Atlanta. In 2013 there were 5785 new metro Atlanta homes sold and 61577 resale homes sold in metro Atlanta. In 2012 there were 5329 new metro Atlanta homes sold and 61862 resale homes sold in metro Atlanta. In 2011 there were 4933 new metro Atlanta homes sold and 55590 resale homes sold in metro Atlanta.
New home sales continue to improve heading into 2014. It should be a fantastic year for those builders that are able to obtain financing and take advantage of a low housing supply.
All stats are based on FMLS searches for New/Under Construction or NOT New/Under Construction