If you’ve recently considered selling your home, we have great news! Atlanta is currently a very hot seller’s market. This has been an incredible year for the local housing market. Across the board, the Atlanta housing market has seen an increase in both the median and average sales price of homes. This is due to many factors including a shortage of inventory and increasing market demand. Taking a closer look at these two factors will help you understand why now is the time to get more for your Atlanta home. Read why the time to sell is now and fill out the form to get more for your home today.
Atlanta’s Housing Inventory Shortage
Year-over-year, Atlanta has experienced a decrease in both the number of new and active listings. In fact, the Atlanta Realtors®️Association reported the number of active homes listings in June 2018 was 7.1% less than the previous year. This is a positive sign for sellers as the decrease in homes listed can result in new homes to the market receiving more visibility.
Increased Market Demand from Buyers
Atlanta is home to a number of Fortune 500 companies. These include The Home Depot, United Parcel Service Inc., and The Coca-Cola Company as well as many others. As one of the leading cities for corporate relocation, Atlanta has continued to draw an increasing number of corporate employees to the area. This number is expected to grow with the potential for Atlanta to home Amazon’s next headquarters. That’s why it’s important to have a team behind you that can help you make your home appear as attractive as possible to homebuyers.
The Result for Sellers
As a result of the lower inventory combined with the demand from new homebuyers moving to the area, sellers can receive competing bids from potential homebuyers. That means you have the power to get more for your Atlanta home. In fact, the median sales price of Atlanta homes was $285,000 in June, a 7.5% year-over-year increase. Additionally, the average sales price was $353,000, a 86% increase year-over-year.
Get The Most Value For Your Home
There’s no better time than now to take advantage of these trends in the Atlanta housing market. Our team at Karen Smith and Associates Realty is ready to help you sell your home. Fill out our contact form to let us know you’re ready to get the most for your Atlanta home.