Homes stayed on the market for 18 days less than they did last year, at an average of 31 days.

The national homebuilder will tear down five older single-family houses to make way for the new master-planned community.

The class A property was built in 2020 and offers studios through three-bedroom apartments ranging from 622 square feet to 1,375 square feet.

Station 496, as the project will be known, will bring 123 affordable-housing units to Boulevard Northeast when it opens in 2022.

“Be patient and treat it like a full-time job.” — Tom Peters, Agent, Coldwell Banker Realty – 400N/Lake Lanier.

Under the terms of the deal, Conversant will commit up to $600 million of equity capital to fund Quinn’s growth as the developer, owner and operator of new rental homes in purpose-built communities across the Southeast.

Nationwide, the seasonally adjusted housing index rose 1.1% month over month in February and 12% year over year, up from monthly and yearly increases of 0.8% and 11.2% in January, respectively.

The boost in inventory shows signs of seasonal norms as supply starts to catch up with demand.

The deal represents a price of $223,000 per unit, or $157 per square foot.

The Atlanta real estate investment company made the hires as it embarks on the first phase of a southeastern expansion.