Atlanta Real Estate Market Update – November 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 November! Take a look at our November 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 24% from one year earlier and down 7% from the previous month
- The number of days homes spent on the market was down 22% from the previous year
- The median sales price for the month of November was just over $375,000
- The number of units sold decreased 7% year over year and decreased 10% month over month
What does this Atlanta real estate market update mean for you?
Buyers, the decreased number of active listings for this month reflects a smaller selection of homes to choose from. The decrease in the number of units sold indicates a greater opportunity for buyers to negotiate better terms during the buying process.
Sellers, the decrease in the number of active listings means there is less competition in the market. The average number of days spent on the market decreased 22% from the previous year, signaling a positive trend in the local inventory turnover rate. Sellers are able to sell their homes faster than before.
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!
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Mark Spain Real Estate is grateful to serve all of Metro Atlanta, including Athens in Georgia, Raleigh and Charlotte and Greensboro in North Carolina, Nashville and Chattanooga in Tennessee, Tampa and Orlando and Jacksonville in Florida, Greenville in South Carolina, and Birmingham in Alabama!