Inventory is shrinking!

The metro market statistics show it, buyers are feeling it – there are far fewer homes on the market right now.  In December 2011 there were 18,546 active listings on the market (in an 8 county metro Atlanta area) - compared to 26,030 homes a year ago.  And the recent max of 30,130 in June 2010.  Pair that with increasing sales – lower price points have already hit Seller’s Market inventory levels & higher price points are nearing balanced market levels.

But what does that mean for MY home?  I’ve been doing some research for some clients lately and found that every subsection of the market I have studied has followed suit.  Check out this example for townhouses in NE Fulton county (FMLS Area 14):

GenerateChartSA Inventory is shrinking!

Falling inventory

Want me to run this study for you?  As the market turns, it’s going to be ever more important to know the intricacies of your micro-market if you plan to buy or sell.  Call me today & let’s look at it together.

 

Price it right, Don’t Negotiate!

sales over list price2 Price it right, Dont Negotiate!

1,272 properties sold at 100%, or more, of their Original Listing price

Correctly pricing with the current market can result in multiple offers and sales at prices above the original listing price. In 4Q 2011, 14.5% of sales were at selling prices at or higher than the original listing price (That’s 1272 homes selling for 100% or more of list price!)

2012 – a comeback year for Atlanta real estate?

2011 sales trending up 2012   a comeback year for Atlanta real estate?

2011 sales appear to finally be trending up after a prolonged down cycle

2011 finished the year with several indicators of a comeback market:
·        More homes are selling (+19% in the 4th quarter and +15.1% for the full year)
·        Sellers are seeing a better median Sales price/List price ratio
·        Somewhat fewer listings are failing
·        Listings are taking fewer median days on market to sell
·        There are 40% fewer homes on the market than a year ago:  A continued lower supply of active listings will be the main driver for recovery.

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