Many agents are asking me lately why things are so dead, but to my relocation...July has always been a very slow month for real estate sales in Georgia.  Since we no longer have large groups of buyers relocating in we are now forced to deal with a local market.  The local market is always dictated with he ending of one school year, and the beginning of the next. Since summer vacations are in full swing, and to start the month everyone is out of town for the 4th of July..The Atlanta area is pretty much a Ghost town!Atlantan's are probably soaking up the rays at Alpharetta on the beach in Destin Florida this time of year!  The other item that makes a case for slow sales in July in Atlanta...is that school starts here early in August.  Persons that wanted to purchase before the school year begins have already purchased.  The school year official begins with the first day of school in Fulton County on August 10th.  So if a person want to buy a home...this is the week will if they want to close it within 4-5 weeks.

 

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8 Comments on The July Real Estate Doldrums? Where are the Atlanta Buyers?

JUL
05

I guess this is a bit encouraging.  I moved to Lexington last fall and have had a very productive spring and have two transactions I am working on currently.  However there is not much in the pipeline so I am concerned about the future months.

4:51pm • #1
325,991 Points 16 Featured Posts Localism Sponsor Outside Blog

Jim, I think we all feel the 4th of July doldrums. I often see a spike in business in the last week of July for closings in the last week in August. This year might be different but the pattern has been dead on for 10 years!

6:10pm • #2
4 Featured Posts

Hey Jim,

Sounds like the perfect time to come visit Las Vegas!

6:10pm • #3
JUL
06
177,177 Points 13 Featured Posts

I am really surprised this is the case for Atlanta.  I was expecting to see demand increase in your market once property values began falling but we have not seen it yet.

7:32am • #7
584,360 Points 80 Featured Posts Outside Blog

Mark MacKenzie Real Estate Planning  I have not seen the demand increase as prices moderated.  I am more shocked that at these low rates...the phones are not ringing off the hooks.

2:26pm • #8

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Jim Crawford ~ Atlanta Real Estate-ABR E-PRO

Atlanta, GA

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