As predicted, we saw a drop in Inventory from April from 13.3 months of inventory to 10.7 months of inventory. This is a pretty dramatic drop, but it is a reflection of the First Time Home-Buyer tax credit ending at the end of April so we did expect to see this happen. What does it… Continue Reading
With the April 30th tax credit deadline expiring for first time home buyers, May 1st brings a new real estate market for us here in Atlanta. Of course everyone is breaking out their crystal balls to try to figure out what our market will look like without the sense of urgency that buyers have been… Continue Reading
Inventory is Lowest it has been all Year! December ended with 8.4 months of inventory in the Atlanta Real Estate market based on the 39 MLS areas we track. Fundamentally this is good news because the closer we get to 6 months of inventory, the faster we will see prices start to increase again. There… Continue Reading
The amount of inventory has continued to shrink, which is great. Since February, we have seen a decrease in the number of homes on the market which can be attributed to many things. One reason for that number coming down can certainly be attributed to the $8000 First-Time Home Buyer Tax credit expiring on November… Continue Reading
Inventory Continues to Drop! The last few months have resembled what we usually see in a Spring-time market in Atlanta Metro. Sales have been up and Inventory has been falling! Actually falling below the double-digit mark for the first time since December of 2007! Does this indicate that Atlanta housing is bottoming. I think it… Continue Reading
Atlanta Real Estate Market Update – July 2009 June Numbers Are Good News! Numbers improved this past month on almost all fronts. A large increase in sales was reported and we also saw a shrink in the Months of Inventory. Remember, to get to a market where we can expect prices to start to go… Continue Reading