Atlanta Real Estate Market Update – August 2021
The Atlanta real estate market remains strong! Homes are staying on the market for a shorter period of time and are selling for higher prices than before! Let’s not forget to pay attention to the changing Metro Atlanta Real Estate Market for the month of August! Take a look at our August 2021 Atlanta Real Estate Market Update for the month to understand the residential real estate activity in your area.
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Hard Facts- Atlanta Market Update
- The number of active listings was down 29% from 1 year earlier in 2020 and up 14% from the previous month
- The number of days homes spent on the market was down 51% from the previous year
- The median sales price for the month of July was just under $380,000
- The number of units sold decreased 14% year over year and 11% month over month
What does this Atlanta real estate market update mean for you?
Buyers, the increased number of active listings for the month reflects a larger selection of homes to choose from. The likelihood of finding your dream home in your dream area is rising. Buyers have more room to negotiate better terms due to the number of units sold decreasing.
Sellers, the number of active listings rising indicates more competition in the market. Sellers are able to raise the price of their homes due to the rising demand to buy a home. The days on the market decreasing signals a positive trend in the local turnover rate.
Mark Spain Real Estate is grateful to provide up-to-date information for our clients to stay informed about recent residential real estate trends. One of our core values is to constantly grow and improve, we dedicate time to advancing our knowledge of the markets we serve to better deliver an unparalleled client experience. Contact us today!