It was a record-shattering year for brokers and agents using the Georgia MLS, with sales volume jumping 18.5% from the previous year to $39.9 billion, according to the listing service. That’s the biggest number Georgia MLS has experienced since its inception in 1962.
“Historically low-interest rates, a shortage of new housing inventory and limited new construction have contributed to rising home prices nationwide.” — Don Ganguly, senior vice president of Mynd Investor Services
The decline of home mortgage interest rates is continuing to fuel homebuying demand in December, pushing the median home-sale price up 13% nationwide to $334,300, according to a new report from online broker Redfin.
Think December is a slowdown month for home sales? Well, don’t let Georgians know because residential sales climbed 5.8% from the previous month statewide
The number of homes for sale nationwide dropped below 700,000 in December, hitting an all-time low, while home prices were up double-digits over the year prior, according to realtor.com’s Monthly Housing Trends Report.
Want to know what’s happening in the Atlanta market? Click here for the full housing scorecard to see your local numbers!
“Resale list prices are out of control, and we are seeing 21% price increases in resale homes fueled by multiple offers and lack of supply.” — John Hunt, MarketNsight and ViaSearch President
Transit-rich neighborhoods in Atlanta are likely to stay more diverse through the launch of a $100 million fund established through a partnership between the National Equity Fund, Inc. (NEF), Metropolitan Atlanta Rapid Transit Authority (MARTA) and Morgan Stanley.
You can’t start the new year without understanding what happened this year. Get a head start on your 2021 competition by reading the top viewed stories from 2020.
These are the agents who shared a little more about themselves with us in 2020 in our popular Agent Snapshot feature.