Inventory also reached its lowest point in the report’s history, down 31.8% from the same time last year and down 13.3% from October.

Strong underlying fundamentals shaped the housing market’s remarkable 2020 comeback story and, with a vaccine rollout underway, the stage is set for another strong year in 2021, says First American Chief Economist Mark Fleming.

The report noted that 29.4% of Redfin.com users nationwide looked at relocating to another metro area in October and November — that’s up from 25.4% last year.

“Nothing sells like a shortage. We have underbuilt new housing relative to demand for a decade. Building will have to exceed household formation for a number of years to reduce the housing stock ‘debt’ we have accumulated.” — First American Deputy Chief Economist Odeta Kushi

More than half of Redfin listings (54%) experienced bidding wars in November, down only 4 percentage points from the previous month, according to the online broker’s new report.

An ongoing shortage of existing homes on the market has made newly constructed homes especially desirable.

Atlanta Realtors recommends securing financing in advance of the home search process “as many properties are receiving multiple offers and do not remain on the market for very long.”

The flight of homeowners from large urban centers to the suburbs has unexpectedly begun to reshape residential real estate, but luxury property in large cities have also gotten a boost from the hot market.

Sales volume totaled $2.2 billion in November, according to the monthly report from Georgia MLS.

“Much of what makes walkable neighborhoods so desirable and valuable has been diminished this year.” — Redfin chief economist Daryl Fairweather

A new Redfin report shows condos are selling for a record 17% discount to single-family homes as the coronavirus fuels demand for space.

A new report from Homes.com shows that prospective homebuyers are still waiting to see if they will work from home permanently.

It takes Atlanta homebuyers 5.32 years to meet the minimum threshold of 20%, or $70,980, to qualify for a mortgage.

The Redfin report notes that Biden won the Atlanta suburbs by a 30.5 percentage-point margin, an increase of more than 7 percentage points from the 2016 Presidential election.

There are 5.7 million “missing” households since the Great Recession, a fact likely to boost housing demand for at least the next several years.

There was a stark contrast between single-family home sales and condo sales, along with properties under $199,000, according to the report.