The Atlanta housing market has been on the rise since it officially bottomed out in January, 2012. Prices are up… but just how much?
Supply down, demand up. Simple economics.
Beyond that, a myriad of factors at play: less foreclosures/short sales dragging down prices, aggressive hedge funds/investors gobbling up lower priced inventory, rising interest rates pushing many buyers off the fence, etc. In some parts of town, it’s starting to feel like the wild west.
Regardless of cause, the chart is pretty dramatic. Where it goes from here, I’ll save for a future post…
Source: ChartMasters, Exclusively for Keller Williams Realty