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| 07/25/2022 |
The recent news headlines about the changing market have been sensationalized, and everyone seems to have a different perspective on the topic. Before you get caught up in the alarming housing market news, you must remember that real estate is local. To help you make the best real estate decisions, I’ll cover some significant changes that have happened in our Atlanta housing market.
Closings have increased throughout July. The month’s supply of inventory has also increased significantly since Spring 2022. Demand will likely decrease slowly throughout the year, while interest rates are currently hovering around 5%.
What does this all mean? If you’re a buyer, you now have a larger selection of homes. This is also your chance to buy from aggressive sellers who want to sell their homes before interest rates spike again. For sellers, there’s still an opportunity to grab the last part of the summer selling season. Demand will also drop as rates increase, so you should sell sooner rather than later.
Each market is unique, so make sure you work with an agent who knows yours. If you need help with your home buying or selling plans in Atlanta, don’t hesitate to call or email me. I’ll be happy to help.
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©2022 Georgia Multiple Listing Service All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than CENTURY 21 Results may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. Copyright ©2022 All rights reserved.
Northeast Georgia Board of REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than CENTURY 21 Results may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. Copyright ©2022 All rights reserved.