Atlanta, Georgia Real Estate Market Conditions

The housing market around the country is going through a change; what was a definite sellers market in many area has shifted to a more balanced real estate market and, in some cases, shifted completely to a buyers market. Many factors come in to play when determining the current real estate market conditions, but, one easily measurable statistic is to see if buyers are still in the market buying homes. The direct impact to a seller is that if the number of homes sold has remained steady, you can reasonably expect to sell your home if you price it properly and prepare the home for sale. There is also, a direct correlation between buyer confidence in the real estate market and their willingness to buy a home. We can isolate different aspects of the market and compare current and past statistics to help build a more clear picture of the real estate market. We know that the inventory of available homes has a direct impact on supply and demand. The number of homes that continue to sell as new homes come on the market effects the inventory of available homes. By isolating the number of homes sold and comparing them month to month, we can begin to determine the direction a market is heading in before the supply of homes changes the real estate market for better or worse. As you can see from the table below, and, contrary to what you may have heard from other news sources, there has been an increase in the number of homes sold from 2005 to 2006. In 2005, 67,335 homes sold and in 2006, 68,513. While there are other factors that contribute to the overall state of the real estate market in Atlanta, Georgia, it is clear that buyers are at least as willing to buy homes now as they were in the so called peak of the housing boom. Please visit my Atlanta, Georgia Real Estate website for more information about buying or selling a home. The statistics compiled for this report come directly from the Atlanta MLS, the FMLS.

You can see from the above table that 2007 appears to be off to another solid start. At this time, there is nothing to indicate that buyers are beginning to pull out of the market. If you are considering selling your home, you need to make sure that you apply sound fundamentals by preparing your home properly for sale and pricing your home accurately based on current market conditions. As a buyer, there is nothing to indicate a decline in housing prices at this time so you can be reasonably confident that you are buying at the right time.

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