Atlanta Real Estate Market - May, 2007

Here are the Atlanta real estate market statistics for the month of May. Cities included in this recap include Buckhead, Sandy Springs, Roswell and Alpharetta

As can be clearly seen by theses statistics, Alpharetta not only has many more homes for sale than any of the other areas, but, Alpharetta also has more pending and sold homes as well. For those who like numbers, not graphs, here is the breakdown:

Alpharetta:

• Homes for sale - 1642
• Pending - 454
• Sold - 206

Roswell:

• Homes for sale - 809
• Pending - 234
• Sold - 116

Sandy Springs:

• Homes for sale - 574
• Pending - 127
• Sold - 48

Buckhead:

• Homes for sale - 354
• Pending - 96
• Sold - 52

Let's take a look at the absorption rate for these area as it is another very important indicator of the real estate market.

The Absorption rate is determined by taking the number of homes sold over a given interval of time, in this case 1 month, and attempting to determine how many months it would take to sell all of the homes currently available. Here are the numbers:

• Alpharetta - 7.9 months
• Roswell - 6.9 months
• Sandy Springs - 11.9 months
• Buckhead - 6.5 months

It's best to use three months of data, but we will be doing this monthly so we can follow the trends relatively easily.

By following the Atlanta real estate market, we are better able to help our clients, both buyers and sellers, determine what the best decisions are regarding their own purchase or sale. If you are in the market to buy or sell a home in Atlanta, we think you deserve the best, most up to date and accurate information available to help you make your decision.

For more information about us please feel free to contact by email or phone at 404.630.3187.

• Rate this Post!

  Select Your Rating:

  • 5 Stars (Excellent!)
  • 4 Stars
  • 3 Stars
  • 2 Stars
  • 1 Stars (Poor)

• Share this Post

  Share With A Friend:

  Your Name Your Email

  Friend's Name Friend's Email

  Optional Message

  Send

• Print
• Social Bookmarking

  Add to Bookmarks: