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.

 

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