ATL real estate continues to build momentum after a watershed year in 2013

The most notable change in our real estate market began sometime in October/November of 2012 when, all of a sudden, we started seeing a leveling in our market. Statistics were finally showing promising trends, indicating long-awaited stability and steady activity.

Just a few months later, in the early part of 2013 our market did stabilize for the most part and we started seeing month-over-month stats climb. Year-over-year statistics skyrocketed. In fact, the market shifted before the end of the first quarter and we enjoyed such unprecedented sales volumes and spikes that many of us in the industry had the best year of our careers.

Low Interest Rates Sparked Market Activity and Low Inventory
During the depressed market that took over our housing industry in 2008 and the years that followed, the Fed diligently worked to keep interest rates low so the economy would continue to surge. Also, market activity increased and inventory levels went down significantly.

Strong Consumer Demand Helps Spike Median Home Prices
Today, we are dealing with an extremely scarce number of homes available for sale, both nationally and locally. For this reason we remain in a positive market driven by strong consumer demand. More prevalent in some areas where there are good traffic patterns and strong buyer interest, prices are going up dramatically. Conversely, other areas where there may be less demand there is some lagging behind which is causing prices to either stay steady or not go up much.

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To learn how your specific area is doing in terms of price increases and market recovery – contact us today! We will take an in-depth look at your local neighborhood and study the activity, evaluate the marketplace and see how we can help you achieve your real estate goals!

Call or email us today.

770 396 6100 - main office
678 488 8927 - Melida’s cell
Melida@PottsRealtyInc.com

Happy New Year!

Happy 2014! Last year was a great time for the real estate market and you may be wondering what's in store for next year. Well, here's what's happening now. Interest rates are still at 4.5%, but they are predicted to increase!

We are also still at a 15 year low in inventory. That means now is one of the best times to sell. The holidays are over and there are buyers looking for a home. The problem is there are very few options for them. They need your home!

Give me a call today! Thanks for watching!