Tagged : atlanta real estate market 
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3 Keys Pointing to Atlanta Housing Recovery
Thursday, June 25th, 2009 at 11:14am. 263 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.
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Pending Sales Totals |
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