Atlanta, Georgia Homes For Sale

One of the most important factors relating to the housing market is called the absorption rate. The absorption rate tells us how long it would take, based on statistics, for all homes to sell, if no new homes came on the market during that time. To find the absorption rate you must divide the number of homes available by the number of homes that have sold. Currently there are 5,400 homes for sale in the city of Atlanta and,  according to the Atlanta MLS, the FMLS, 486 homes sold during the month of January. Therefore, the absorption rate for homes in Atlanta is 11.1 months. This number does not include homes that are currently under contract. Traditionally, January is the slowest month of the year for home sales and this year is no exception. If we take a look at homes available compared with homes under contract, we have  a significantly different picture. But, because it is impossible to know exactly how many of the pending sales will actually close, we cannot be certain of this statistic. That said, current pending home sales indicate a 5 month supply of homes. We will see if that number holds up over the next couple of months. Because home sales increase during the spring and summer months, it may indicate where the market is heading. These numbers can be looked at over time to help determine trends in the real estate market. If you see this number go down for three months, you can begin to see a trend that would indicate a move to a sellers market.

To make these numbers matter to a buyer or seller however, you must look more closely at different price points to get an even more accurate statistical representation of the price point they are buying or selling in, and, in many cases you will need to also refine the analysis to a more specific area within the city. Below is a table reflecting the current absorption rate of homes for sale in Atlanta at different price points followed  by a table reflecting pending home sales and a predicted absorption rate. Please visit my Atlanta, Georgia Real Estate website to learn more about Atlanta and to find Atlanta homes for sale.

 Where the Atlanta Real Estate Market is Right Now

Where the Atlanta Real Estate Market is Going

Atlanta Real Estate has been fortunate to have resisted the slowdown felt by many area of the country and the outlook looks even better for the rest of 2007.

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