The Atlanta Housing Recovery Explained In One Chart

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Home prices in Atlanta have been rising steadily over the past two years.  Why?  The simple chart below tells the story…

Since July of 2008, total Active listings have dropped by 67.5%, while the total number of Sold listings has stayed relatively flat. So, while the perception is that there has been a dramatic increase of buyers in the market… the reality is that demand for buying a home has remained somewhat constant. It’s the diminishing supply that’s changed the collective psychology from a “”Buyer’s Market”” to a “”Seller’s Market”” (there’s probably no better example of this than see Candler Park, as noted in my post from last week). Simply put, you can’t reduce the available inventory of anything by 67.5% without seeing prices move.

If you’re thinking about buying a home, you’re going to need to be in it to win it. Period.

If you’re thinking about selling home, stop thinking and take action.  Hard to imagine that inventory will remain this tight for long.

Source:  Chartmaster Services Exclusively for Keller Williams.  Fulton, Cobb, Dekalb, Gwinnett, Cherokee, Douglas, Paulding and Forsyth Counties.  All detached homes (ie. no condominiums or townhomes).

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Jon

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Jon Effron is widely regarded as one of the leading Realtors in Atlanta, working with both buyers and sellers throughout the metro area to maximize their real estate investments. In 2014, Jon was the #1 individual agent at Keller Williams Intown, one of the largest brokerages in Intown Atlanta. Prior to becoming a Realtor, Jon was the Vice President of Development at Tujay Group, an Atlanta real estate development firm. His career pre-real estate included stints at ABCNews.com, eGroups (now Yahoo! Groups) and Elite Traveler magazine, where he served as the Vice President of Marketing.