Is the market slowing down? Today, we’re taking a look at the numbers to see where our market is and where it’s headed.
Is the market slowing down?
This is a question I’ve heard every year around this time since I got into real estate 32 years ago.
Sometimes, the concern is valid. However, it’s sometimes also not. The only real way to determine whether or not the market is really slowing down is to look at current numbers.
Statistics are the true test of where the market’s headed.
Last month in our north Atlanta area, we had 22,707 homes for sale. Of those, we sold 8,951 homes.
With that being the case, we’ve been left with an inventory of 2.5 months. This means that prices are rising.
Statistics are the true test of where the market’s headed.
However, these trends and numbers aren’t true of every area in our market. Real estate must be thought about in terms of location.
If you want to hear information that is more applicable or specific to your area, feel free to contact me.
If you have any other questions or would like more information, don’t hesitate to give me a call or send me an email. I look forward to hearing from you soon.
