Atlanta Home Sales DOWN but Atlanta Home Prices UP?
Can someone please tell me what is going on with the Atlanta home market? Doesn’t anyone want or need to move these days? Demand is growing but supply is ridiculously, low. In fact, Atlanta’s housing supply is currently only 2.9 months. That means that if no more listings came on the market, it would take about 2.9 months to sell all of them. In a normal stable Atlanta market, the supply is roughly twice that at 6 months. Just five years ago the market peaked with 13.8 months of supply and it was a crazy buyer’s market! That’s not the case, today.
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There is good news and there is bad news to all of this. The good news is if you are a person with a home or a condo to sell, chances are it is going to go relatively fast once it hits the market and
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