What's going on? Atlanta Market Trends:

Atlanta and all of its surrounding areas are vast and different, therefore sales literally vary from neighborhood to neighborhood.  We must keep this in mind as we think about the overall housing market recovery.  While some areas will recover very quickly, it may take a little longer for others to recoup.  

As we all know, in the most recent years the Atlanta housing market has been flooded with foreclosed and short sale properties.  This unfortunate event of circumstances dropped home values dramatically and forced the traditional seller out of the market place.  As a result of these happenings Atlanta found itself in one of the nation's most unstable housing market environments.  But things appear to be turning around. Based on the most recent market data, a new trend is on the rise and it's good news for the Atlanta Housing Market!  Many Atlanta Regions are experiencing a housing shortage, and this shortage is forcing buyers to "compete" for the limited amount of available homes.  As a natural result of "supply and demand" this shortage coupled with healthy competition is causing home prices to rise and rise quickly!  On average, home prices are up in general at around 5% for the US's southeast region.  This is great because when home prices rise, the "traditional" seller can and will re-enter the market place resulting in a more stable housing market.  As I have been saying, sellers just hold tight a little longer, your time is coming back around!

Buyers of course may not see this news so positively, however the good news for buyers is that there will be more choices and often better choices available to the market.  Often foreclosures and short sales are not in the best condition and are in need of renovation or repairs. Traditional sales are more likely to be in well-maintained conditions.  The other perk of course is new construction.  Home building came to a halt when the market failed, as a result buyers couldn't buy new homes.  Contractors will build again when the market allows for a profit.  And besides buyers, in recent years you have had every opportunity available to scoop up a great deal, now its time to return to more stable times. After all, the housing market recovery will be one of the main economy stabilizers to the US therefore making things better for all of us!

Amie Bozeman, Realtor
Better Homes and Gardens Real Estate
Metro Brokers
Greater Atlanta Area
Mobile: 770-855-5590
Office: 404-843-2500
Fax:  678-765-5050
Website: www.amiebozeman.com
Email: [email protected]
Twitter:  https://twitter.com/amiebozeman