What’s Going on in the Atlanta Metro Area Market?
2019 has arrived and it’s time for our first market update of the year.
A lot of people are wondering whether our North Atlanta Metro market favors buyers or sellers. This is actually a somewhat difficult question to answer.
Why? Well, the truth is that our market’s conditions can vary even just between neighborhoods.
To give a general answer, though, our overall market does appear to be shifting from a seller’s market to a buyer’s.
There are approximately 30,000 homes in our market right now, and while this might sound like a lot, it actually indicates that we have just about 3.5 months’ worth of inventory. To put this in perspective, a balanced market should have approximately six months’ worth of inventory. In other words: Supply is low.