Location, location, location … at least that’s how the old real estate adage goes, right?

A variety of metrics in the Georgia MLS 12-county Housing Market Snapshot showed the beginnings of a robust spring selling season. 

The median existing-home price for all housing types was $379,100, up 5.1% from $360,800 a year before.       

Home might really be where the heart is. According to a new Zillow survey, 42% of recent homebuyers reported finding love after buying their new home.

Single-family home sales prices increased in 189 out of 221 metro areas analyzed, with the median single-family price in the country rising 3.5% year over year to $391,700.

Redfin points to surge in prices, new luxury listings and a boost in sales as affluent homebuyers and sellers show increased activity

Days on market declined, as did housing inventory, according to the latest Atlanta Housing Scorecard.

In 2022, the most recent year for which Census data is available, 327,000 people moved to Georgia, while 252,000 people left. 

Pending home sales rose 8.3% month over month, the National Association of REALTORS® said, marking the largest monthly jump since 2020. 

Declining interest rates spurred the increase. 

Notably, renovators are less likely than they were a year ago to undergo kitchen modifications for the purpose of improving the home’s resale value.

In Atlanta, the number of coworking spaces rose quarter over quarter in Q4 2023, and the city’s total square footage of coworking space rose as well. 

At the same time, the median sales price rose 4.4% to $382,600. 

The NAHB/Wells Fargo Housing Market Index (HMI) rose seven points to 44, its second monthly increase in a row. 

Home listings grew in December as housing prices stabilized, closing out an interesting 2023 for the real estate market.

Nearly all millennials — 93% — say a volatile market is to blame for wrecking homebuying plans, with another 76% saying they expect the market to get worse before they’re able to make a purchase themselves.