Current Market Data
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.
For the first time since March 2020, home-price growth in urban areas surpassed that of suburban and rural locations.
“Despite the drop in home sales for February — which I would attribute to historically-low inventory — the market is still outperforming pre-pandemic levels.” NAR Chief Economist Lawrence Yun
The median sale price of a home in Atlanta was $286,000 in February, a 2.9% increase month over month and a 14.4% increase over last year.
Eighty-eight percent of all homebuyers said they used an agent as a source of information during their search, and 91% of millennials age 22 to 30 said the same.
Bigger is better when it comes to houses on the market, according to a new report from Realtor.com.
Brokers remain optimistic despite a low home inventory, the ongoing pandemic and iBuyers.
The 12-county metro region saw home sales jump 21.7% to $1.97 billion during the month, as the median sales price rose 15.7% to $295,000, according to Georgia MLS.
It is not “first comes love, then comes marriage,” but for many women, “first comes homeownership,” according to First American Chief Economist Odeta Kushi.
Atlanta’s median monthly rent for a one-bedroom apartment was $1,500 in March, placing it in a tie with Seattle for 16th place among U.S. metros, according to a report from the online listing agent.
