When you consider the industry of real estate sales in Atlanta, the Spring kicks off our selling season. This year it is a non event. It hasn't happened. Normally, April leads that pack with new listings, and much higher monthly home sales numbers leading the pack. The market normally would stay pretty strong until mid summer just around the time that school is approaching its next session. If you look at the entire set of statistics for the Atlanta area it is most sobering to see that not only have sales on single family homes sold fallen, but so has the average sales price fallen precipitously since last year, and previous years. Going deeper into the statistics you will also find that the majority of sales are foreclosures or some type of distressed sales. Sellers contributions towards closing have also increased, and are not reflected in an even lower net number for the home seller. That is not a very healthy scenario.
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