Atlanta Real Estate Market Springs Ahead
Whether you’re interested in buying or selling Atlanta real estate, I’ve got good news for you! The latest sales data from the Atlanta Board of Realtors shows positive momentum for our markets. Here are the highlights!
February 2016 set the stage with a 6.1% rise in Metro Atlanta home prices, compared to February of 2015. This was the opening act of the peak season.
During March 2016, the average price of a Metro Atlanta home increased 6.2% from March 2015.
If you’re a home buyer, you might be wondering how this is good news! After all, homes are becoming more expensive. That might be temporarily discouraging while you’re looking to buy a home, but once you own a home, the trend works in your favor, helping you build equity. And during the home buying process, you are less likely to face a stingy bank appraisal when the market is trending higher.
Higher prices should also draw more home sellers out of the woodwork, and help improve our inventory of homes for sale. In fact, new listings in March 2016 were up by 8% from a year ago. If you didn’t get a chance to appreciate this, it’s because our absorption rate remains brisk. Homes priced right, in good condition, do not linger on the market.
Serious home buyers need to be prepared. Have your mortgage pre-approval ready, and contact me to get the newest listings hot off the virtual press! You can also sign up for free, automated property alerts on my website.
These statistics are obviously good news for Atlanta home sellers! However, please remember that all real estate is highly localized. Home prices in Buckhead will vary from home prices in Sandy Springs, and so on. Pricing your home correctly is essential.
Sellers, contact me today for your comparative market analysis and pre-sale consultation. It’s free, and there is no obligation to sell your home. The more information you have, the better!
Have questions about Atlanta real estate? I’m only a phone call or email away.
Jill Heineck
Associate Broker
Heineck & Company at Keller Williams Realty
Phone: (404) 418-9157
Email: jill@heineckandcompany.com
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