Current Market Data
At the same time, sales activity continues to be strong, with volume rising 33.5% year over year in March.
Rising wages and falling mortgage rates are helping keep homeownership within reach of average wage earners nationwide despite surges in housing prices.
Year over year, however, rents rose, the online listing agent reported.
Nationally, home prices increased by an average of 10.4% over the previous year, representing the largest year-over-year gain since April 2006.
Home prices posted monthly and yearly gains in January across the U.S. as well, according to the S&P CoreLogic Case-Shiller Indices.
Redfin Chief Economist Daryl Fairweather lays out five key predictions for the housing market in a post-pandemic world.
Atlanta’s housing inventory fell to 7,571 homes for sale from 14,962 a year ago, according to the Atlanta Realtors Association.
“The demand for a home purchase is widespread, multiple offers are prevalent, and days-on-market are swift, but contracts are not clicking due to record-low inventory.” — NAR Chief Economist Lawrence Yun
Atlanta was the sixth most-searched U.S. city by Redfin.com users looking to relocate to different metro areas in January and February, the online real estate broker said in a new report. Atlanta’s popularity comes as homebuyers, often freed from
Much of the year-over-year increase in home sales was supported by continued robust activity in the Southeast, which saw a 20.2% rise to an annual rate of 458,000 transactions.