Current Market Data
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.
New home closings dropped during October after going up during the months of June and July.
Home construction continued to surge across the nation, which reflected the projection that new homes will help moderate price growth over the next 12 months.
Nationally, contract signings are up 20.2% compared to a year ago, but industry insiders say high prices are beginning to affect sales.
Despite the ongoing COVID-19 pandemic continuing to bring economic insecurity, new data shows home prices rose nearly 6.95% in September, the fastest rate since May 2014.
