The Prosperous Atlanta Market Update – September 2020
With fall in full swing and winter quickly approaching, let’s not forget to pay attention to the changing Atlanta market! Take a look at our Atlanta market update for the month of September to understand residential real estate activity in your area. Mark Spain Real Estate has summarized the key real estate trends of the Atlanta market so you can stay well-informed!
To learn more real estate market trends, tips, and information, visit our blog!
The Hard Facts – Atlanta Market Update
- Number of active listings was down 33% from one year earlier, and up 2% from the previous month
- Compared to last year, the average number of days homes spent on the market was down 25% at 33 days
- The median sales price in September was at $315,000
- The number of units sold increased 6% year over year, and decreased 14% month over month
What does this mean for you?
Buyers-
Buyers, the recent increase in active inventory listings in the Atlanta market means you have a larger selection of homes to choose from. The increase in the number of units sold is a plus for buyers.
Higher year over year figures indicate more buyers were able to find what they were looking for compared to the previous year. Buyers today are able to find their dream home in more desired and sought after locations.
Sellers-
Sellers, the decrease in the number of active listings year over year means that there is less competition in the market. The average number of days home spent on the market decreased from 44 days last year to 33 days this September. This lower number of days signals a positive trend in the local inventory turnover rate! This market update shows that sellers are able to sell their home faster than before. The number of homes sold decreasing month over month is simply indicative of the unprecedented time we are going through.
We have a few programs including the Guaranteed Offer Program that allows you to skip the process of showings and open houses by offering a competitive cash offer for your home. You can close in as little as 21 days, which is great for those who need to sell fast and receive top dollar for your home. This program also provides a safe alternative to selling your home, keeping foot traffic low during these unprecedented times.
Mark Spain Real Estate is here to help you make smart and informed real estate decisions. Navigating the real estate market can be difficult, and you don’t want to do it alone. Mark Spain Real Estate gets you maximum exposure to metro Atlanta coupled with an unparalleled level of customer experience. Our team knows the Atlanta market well, and your experience is our top priority. Take advantage of the real estate market now and get your home sold FAST! Contact us today to get a head start.
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We are grateful to serve all of Metro Atlanta and Athens in Georgia, Charlotte and Raleigh in North Carolina, and Nashville in Tennessee.
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