The Atlanta Real Estate market remains hot with home sales accelerating along with the scarcity of homes available. The homes that are available aren’t around for long, the average DOM is down to 21 days from 43 days the month before. 71% of homes stay on the market less than one month!
This causes significant competition among buyers which led to a 14.1% price increase over the month and adding to 107 consecutive months of year-over-year growth. Every U.S. region showed this trend, not just metro Atlanta. Extremely low inventory pushes these prices up and lowers the number of sales possible throughout the month.
This push of high prices and low inventory impacts the Atlanta housing market as it prices out many consumers who have less options for affordable housing in desirable neighborhoods.
Click through our slideshow above for more current market trends, stats and professional takes on the current real estate climate. If you are looking for a home and need help navigating these extreme circumstances, get in touch with one of our knowledgeable agents. We are living and working in these neighborhoods and are here to help!