February Market Update: Atlanta
The month of February is reaching its end! As spring approaches, let’s not forget to pay attention to the changing Atlanta market! Mark Spain Real Estate has summarized the key real estate trends of the February Atlanta market so you can stay well-informed!
The Hard Facts
- Active inventory listings are up 2%
- The median listing price for the month is $341K, an increase from last year’s price of $330K
- A home’s average days on market is currently at 56 days, up 12% from this time last month
- The number of units sold has decreased 40% month over month
What Does This Mean For You?
Buyers, the increase in active inventory listings in the Atlanta market means you have more options to choose from when finding the perfect home. Also, the decrease in number of units sold could indicate that buyers can negotiate better terms for their contracts!
Sellers, the high number of days on market may signal a slow down in the local inventory turnover rate. This is simply indicative of that time of year. We are definitely in a buyer’s market right now, but don’t let this get you down! The Atlanta market is always changing. As the spring season approaches we may soon face a change in the market!
Does the Atlanta February market update have you thinking about moving? Navigating the real estate market can be difficult, and you don’t want to do it alone. With Mark Spain Real Estate, you’ll get maximum exposure to your metro Atlanta home. Our team knows this city and surrounding neighborhoods and your experience is our top priority. Contact us today to get a head start.