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.

See who got the most attention in our Who’s Who profiles this year.

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.

We spoke with some of the biggest names in Atlanta real estate to get their take on 2021.

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.

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

The report noted that the populations of large cities have declined the most during the pandemic.