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Market Minute- Atlanta Real Estate Trends-December 2020

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With low inventory and high prices, the December 2020 Atlanta real estate report reflects an extreme sellers market ensuring multiple bid competition across a variety of price points according to ARA president, Cynthia Lippert.

Median sales prices are up 12.9% over last year’s prices, continuing the growth over the last 104 consecutive months. Prices are increasing not only in the Atlanta market but also nationally.

This end of the year report shows 70% of homes that were listed were sold and also 70% of homes were on the market less than one month.

Coupled with low mortgage rates, now is the time for home owners to consider selling before the trends reverse. We have lots of knowledgeable and available agents on hand to help walk you through the process. Contact us today to jump into this hot seller’s market!

Statistics compiled from the Atlanta Realtors Market report.

 

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About The Author
Melissa Wakamo

When Melissa Wakamo began her real estate career in 2004, her goal was to focus on her immediate area and get to know her neighbors. "I've had a lot of fun over the years helping my neighbors sell their homes and helping newcomers become a part of our community." Melissa quickly became one of metro Atlanta’s top producing agents and consistently performed in the top 1% of all Atlanta agents. By 2009, Melissa’s real estate team, Red Robin Realtors, had grown to include several agents and support staff, providing exceptional service to buyers and sellers in Atlanta’s intown neighborhoods. In her role as Managing Broker, Melissa provides agent training, marketing and strategic oversight for Keller Knapp Realty and leads the Red Robin Realtors team of agents. "If you're thinking of buying or selling a home, or are considering a career as a real estate agent, let's talk soon!"