Santa Comes Early in Atlanta Housing Statistics for October 2009

Tuesday, November 24th, 2009 at 8:41am. 395 Views, 0 Comments.

Pre-Holiday Cheer for Atlanta Housing Market

There is reason for some pre-holiday cheer in the Atlanta Housing Market! Numbers just released for October show the strongest year to year percentage increase in closings since May of 2006. According to Marietta, GA based Smart Numbers, there were 4,532 closings in October for all single family. After reported "lag closings" the increase should be at least 15% from October 2008.

While the average price single family detached homes ($201,038) was up from September 2009, prices declined 6.9% from October 2008. If the average price home holds at $200,000 in November, and I believe it will due to the surge of activity related to the then expiring tax credit, then it will be the first year over year price…

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3 Keys Pointing to Atlanta Housing Recovery

Thursday, June 25th, 2009 at 11:14am. 250 Views, 0 Comments.

Read an article written today from SmartNumbers, a local research firm that assembles and interprets real estate data in Atlanta. Based on the statistical information in that letter, there are several reasons to believe that the Atlanta housing market is recovering, in spite of almost 10% unemployment.

1) 3 straight months of increased sales prices for single family detached housing.

2) Inventory is shrinking. In May of 2009, there are 53,081 properties (homes, condos, land, commercial)  for sale verses 69,638 in May of 2008. That's a 24% reduction in inventory in 12 months. 

3) 6 straight months of pending sales increases for SINGLE FAMILY DETACHED HOUSING. 

ATLANTA DETACHED SINGLE FAMILY PENDING SALES

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