March Market Update: Atlanta
Let’s take a look at the changing Atlanta market in March as we move through April! Mark Spain Real Estate has summarized the key real estate trends of the March Atlanta market so you can stay well-informed and make the best decisions.
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The Hard Facts
- The number of active listings increased 10% from the previous month
- Average number of days homes spent on the market before being sold was up by 4%
- The median sales price of a home in Atlanta in March was at $289K
- The number of homes sold increased 4% 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 sales price of homes in March increased from $270K to $289K, which means buyers may need to negotiate deals to receive a better price.
Sellers, the high number of days increased from 47 to 49 days in March. This may signal a slow down in the local inventory turnover rate, which is simply indicative of the unprecedented times we are going through. Despite a slight annual decrease in the number of units sold year over year, the number of units sold month over month increased. This upward monthly sales trend indicates a positive momentum in the Atlanta market.
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. 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. If you would like more information or assistance, please contact us here.