May Market Update: Atlanta
Mark Spain Real Estate has summarized the key trends of Atlanta’s May real estate market to ensure you can make well-informed decisions and stay in the know. The month of May is drawing to a close! We’ve seen warmer weather, longer days and the beginning of the summer market. While we’re excited for the arrival of June, let’s not forget to recap the changes seen in May!
Hard Facts: Atlanta Market Update
- The current median sold price of a home in Atlanta averages around $260,000, up 3.8% from last year
- Your search for your perfect home won’t be limited in the slightest, Atlanta’s inventory has increased by 4.6% and the pickings are ripe
- In comparison to last year’s May market, the amount of time an Atlanta home stays on the market has increased by 10.2% and currently spends 47 days live. (A Mark Spain listing spends an average of 37 days on the market)
What Does This Mean For You?
Buyers, don’t let the number of days on market scare you! Interest rates are still down leading to a natural increase in demand. Everyone wants to buy, so you should too – don’t miss out! Timing is everything; now is the time to begin accruing equity.
Sellers, while it’s early in the summer months, we’re still seeing more inventory. This means we’re headed into a more balanced, normal market. Don’t worry about an increase in competition, people still want to buy! So go ahead and list – it’s better to start the process now before the late summer lull hits.
As summer settles in, the most activity will be seen in June, July, and August. The best time to get into the real estate market is now before the natural dip in the 4th quarter. Whether you’re buying or selling, you can be settled by the new school year and spend the holidays in your new home!
Guaranteed Offer Program-
Mark Spain Real Estate strives to deliver an unparalleled client experience. We provide a Guaranteed Offer Program for our sellers who are in need of a fast sale and do not want to compromise on the sale price. With the Guaranteed Offer Program, we offer a competitive cash offer contingent on the inspection and enable you to close within 21 days!
You are able to bypass the market with no showings or open houses. At Mark Spain Real Estate, we want to alleviate all of the stresses that come with selling a home, we want you to enjoy the process as much as possible. You will be able to move on to the next chapter of your life with ease!
Whatever chapter of life you find yourself in, be it needing to sell or buy, make sure you are represented by a professional, full-time agent with years of closing experience under their belt.
Mark Spain Real Estate strives to be the most knowledgeable in the markets! We take pride in being named the most trusted real estate firm in the industry. We take time in strengthening our knowledge of technology, real estate, and self improvement to feed our drive of continuously learning and growing!
Our team prepares many training activities, podcasts, and books to aid us in our ever-growing need to learn and grow. One of our core values is to continuously learn and grow, which is one way we have set ourselves apart. We strive to lead with a servant’s heart and exemplify this is all that we do!
Thinking about moving? Navigating the market can be difficult, and you do not want to do it alone. Contact us today to get a head start!