Next year is bound to be a good one for Atlanta real estate
The Metro Atlanta real estate market will be one of the best in the country in 2016, according to a new analysis by realtor.com.
In the site’s “Top Real Estate Markets to Watch in 2016,” Atlanta came in at No. 5, with realtor.com predicting a 7.4 percent increase in existing-home sales and a 9.55 percent increase in median sales price.
Here is the complete ranking:
- St. Louis
- San Diego
- New Orleans
- Virginia Beach
All of the housing markets in the top 10, realtor.com noted, see 60 percent more listing page views on its website than average, and homes in the markets sell 16 days faster. The main factors contributing to that demand include growing household formations, a strong job market, low unemployment and large populations for the Millennial, Gen X and Silent generations.