Tagged : atlanta real estate 
There are currently 3 blog entries matching this tag.
Atlanta Real Estate Inventory Down 10% from 2008
Wednesday, July 22nd, 2009 at 5:48am. 402 Views, 0 Comments.
Many sources have predicted that the Atlanta housing market would hit bottom and begin a slow but steady recovery in late 2009. It sure seems like that is the case today as a new report shows months of inventory for single family detached housing in June reduced to 12 months verses 13.6 months in June 2008. This is a positive sign that while the economy is still weak, the housing market is beginning a slow turn to the positive.
The average sale price for detached housing in June was $217,790 in Metro Atlanta, a 13.4% decrease from 2008, but $42,000 above the recession low in February. It was also the 4th consecutive month of price increases. Again, the basic economic principal of supply and demand continues to prove that the market is gaining some…
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.
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Atlanta Real Estate Web Resources
Tuesday, June 23rd, 2009 at 10:49am. 243 Views, 1 Comments.
So you've decided you're moving to Atlanta. First of all, let me say that it is one of the finest places in the country to live. The only negatives are traffic and August, the hottest month of the year that gives Atlanta the nickname "Hotlanta". This morning I chatted with someone moving here from Wichita, Kansas who lives in a small town of 4,000 people.
Culture shock is inevitable in this situation however this person was craving information and just didn't know where to obtain the best resources for studying the North Atlanta housing market. If you find yourself being relocated to Atlanta, these 3 websites will help you a great deal:
www.City-Data.com
This handy little resource has over 600,000 members. Just type in the city you're…