โ Understanding The Atlanta Housing Market 2024: A comprehensive overview for buyers and sellers 2024.
๐ ๐W๐ต๐ฒ๐๐ต๐ฒ๐ฟ ๐๐ผ๐'๐ฟ๐ฒ ๐ฐ๐ผ๐ป๐๐ถ๐ฑ๐ฒ๐ฟ๐ถ๐ป๐ด ๐ฏ๐๐๐ถ๐ป๐ด ๐ผ๐ฟ ๐๐ฒ๐น๐น๐ถ๐ป๐ด ๐ถ๐ป ๐๐๐น๐ฎ๐ป๐๐ฎ'๐ ๐ฑ๐๐ป๐ฎ๐บ๐ถ๐ฐ ๐ต๐ผ๐๐๐ถ๐ป๐ด ๐บ๐ฎ๐ฟ๐ธ๐ฒ๐, ๐ป๐ผ๐ ๐ถ๐ ๐๐ต๐ฒ ๐๐ถ๐บ๐ฒ ๐๐ผ ๐ฎ๐ฐ๐. ๐ฆ๐๐ฎ๐ ๐ถ๐ป๐ณ๐ผ๐ฟ๐บ๐ฒ๐ฑ ๐ฎ๐ฏ๐ผ๐๐ ๐บ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐๐ฟ๐ฒ๐ป๐ฑ๐, ๐ฒ๐ ๐ฝ๐น๐ผ๐ฟ๐ฒ ๐ฎ๐๐ฎ๐ถ๐น๐ฎ๐ฏ๐น๐ฒ ๐น๐ถ๐๐๐ถ๐ป๐ด๐, ๐ฎ๐ป๐ฑ ๐ฐ๐ผ๐ป๐๐๐น๐ ๐๐ถ๐๐ต ๐๐ผ๐ฟ๐ด๐ฒ ๐๐ผ๐ป๐๐ฎ๐น๐ฒ๐, a local real estate expert to make the most of your investment. โฃ Donโt miss out on potential opportunitiesโcontact us today to start your real estate journey.โฃ Understanding The Atlanta Housing Market 2024
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โด๏ธ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐ข๐๐ฒ๐ฟ๐๐ถ๐ฒ๐โฃ
Median home sold price: $421,780, up 5.2% year-over-yearโฃ
Median price per square foot: $253โฃ
25% price increase over the past three yearsโฃ
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โด๏ธ๐๐ฒ๐ ๐ง๐ฟ๐ฒ๐ป๐ฑ๐โฃ
Increasing inventory: 7,712 homes for sale, up 12.5% month-over-month and 60% year-over-yearโฃ
Slowing sales: 1,130 homes sold/pending, down 8.2% month-over-monthโฃ
Longer selling time: 39 days on market, up 46.5% year-over-yearโฃ
Shift towards buyers: 56.7% of homes sold below asking priceโฃ
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โด๏ธ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐๐๐ป๐ฎ๐บ๐ถ๐ฐ๐โฃ
Considered overvalued: 40.37% above expected valuesโฃ
High mortgage rates (around 6.89%) affecting affordabilityโฃ
Significant investor activity: over 20% of home purchasesโฃ
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โด๏ธ๐ข๐๐๐น๐ผ๐ผ๐ธโฃ
Signs of cooling but remains strong in desirable areasโฃ
Potential for price stabilization or modest declinesโฃ
Market becoming more balanced between buyers and sellersโฃ
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๐ข๐๐ฒ๐ฟ๐ฎ๐น๐น, ๐๐๐น๐ฎ๐ป๐๐ฎ'๐ ๐ฎ๐ฌ๐ฎ๐ฐ ๐ต๐ผ๐๐๐ถ๐ป๐ด ๐บ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐๐ต๐ผ๐๐ ๐ฎ ๐๐ฟ๐ฎ๐ป๐๐ถ๐๐ถ๐ผ๐ป ๐๐ผ๐๐ฎ๐ฟ๐ฑ๐ ๐บ๐ผ๐ฟ๐ฒ ๐ฏ๐๐๐ฒ๐ฟ-๐ณ๐ฟ๐ถ๐ฒ๐ป๐ฑ๐น๐ ๐ฐ๐ผ๐ป๐ฑ๐ถ๐๐ถ๐ผ๐ป๐, ๐๐ถ๐๐ต ๐ถ๐ป๐ฐ๐ฟ๐ฒ๐ฎ๐๐ถ๐ป๐ด ๐ถ๐ป๐๐ฒ๐ป๐๐ผ๐ฟ๐ ๐ฎ๐ป๐ฑ ๐น๐ผ๐ป๐ด๐ฒ๐ฟ ๐๐ฒ๐น๐น๐ถ๐ป๐ด ๐๐ถ๐บ๐ฒ๐, ๐๐ต๐ถ๐น๐ฒ ๐๐๐ถ๐น๐น ๐บ๐ฎ๐ถ๐ป๐๐ฎ๐ถ๐ป๐ถ๐ป๐ด ๐ฟ๐ฒ๐น๐ฎ๐๐ถ๐๐ฒ๐น๐ ๐๐๐ฟ๐ผ๐ป๐ด ๐ฝ๐ฟ๐ถ๐ฐ๐ฒ๐ ๐ฎ๐ป๐ฑ ๐ด๐ฟ๐ผ๐๐๐ต ๐ฐ๐ผ๐บ๐ฝ๐ฎ๐ฟ๐ฒ๐ฑ ๐๐ผ ๐ต๐ถ๐๐๐ผ๐ฟ๐ถ๐ฐ๐ฎ๐น ๐ป๐ผ๐ฟ๐บ๐.โฃ
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