April Market Update: Atlanta
As summer 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 Atlanta April market so you can stay well-informed!
The Hard Facts
- The number of active listings increased 2% from the previous month
- The average number of days units spent on the market before being sold was down 9%
- The median sale price for a home in Atlanta April market was at $298K
- The number of homes sold decreased 24% month over month
What Does This Mean for You?
Buyers, the increase in active inventory listings in the Atlanta market means you have a larger selection to choose from when finding the perfect home. The median sale price of a home increased from $289K in March to $298K in April, which means buyers may need to negotiate more deals to receive a better price.
Sellers, the number of days home spent on the market decreased from 44 to 40 days this April. Less days mean a positive trend in the local inventory turnover rate, as 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.
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. Contact us today to get a head start.