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Atlanta Hits 87000 Active MLS Listings | Atlanta Homes for Sale | MLS Search

I was just checking the FMLS Hotsheet tonight and noticed there are now over 87000* ACTIVE Atlanta homes for sale and Atlanta real estate properties! By anyone's standard that is a lot of Atlanta homes to sell considering we are only selling about 3500 a month! Even if we were selling 4000 homes a month in Atlanta, that would still give us over 21.75 months of home inventory. There are now more homes in Atlanta that are expiring, and withdrawing from the market than those homes that are sold by at least a 3 to 1 margin. That does not even take into consideration foreclosures. Atlanta is still a buyers market! There are a few really great bargains for the educated consumer that has a great buyers agent to advise them of quality purchases.

March 2008:

2907 Atlanta homes sold
591 Atlanta Condos Sold

*FMLS DATA SOURCE 4/14/2008

Posted by Jim Crawford ~ Atlanta Real Estate-ABR E-PRO on 04/14/2008 10:29 PM

Comments (16)

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16 Comments on Atlanta Hits 87000 Active MLS Listings | Atlanta Homes for Sale | MLS Search

Those are some amazing numbers. Atlanta has grown so much over the last 30 years people have not had time to put down roots. You guys are luckly to have had so much growth and jobs during that period. Maybe living in a small town does have its pluses. Still some mind blogging numbers!

04/14/2008 11:08 PM

by Eric Bouler (Prudential Gardner)

Wow! That is scary for a big city. Some of our small communities here have over 20 months in inventory as builders went hog wild there. A city though...ugly.

04/14/2008 11:17 PM

by Melina Tomson, M.S. Salem Oregon Real Estate Specialist (Tomson Burnham, llc)

Eric Boule If they were selling it would not be so scary! Atlanta has had a lot of growth, but planning and over building was not part of the big picture!

04/15/2008 12:00 AM

by Jim Crawford ~ Atlanta Real Estate-ABR E-PRO (RE/MAX Greater Atlanta)

Melina Tomson, M.S. Salem Oregon Real Estate Specialist It wasn't just your area! Builders went really stupid building all those spec homes!

04/15/2008 12:01 AM

by Jim Crawford ~ Atlanta Real Estate-ABR E-PRO (RE/MAX Greater Atlanta)

wow that is more homes that our closest city has people - that amazes me

04/15/2008 01:16 AM

by Central Oregon Real Estate | Thesa Chambers, Broker (RE/MAX Sunset Realty La Pine)

We have been experiencing 20+ months absorption rates here in the mountains of WNC but that is GREAT for buyers!

04/15/2008 02:46 AM

by Susie Blackmon NC Realtor, Maggie Valley, Waynesville (COLDWELL BANKER)

Jim,

At least yours is lower than mine...last check I saw was in a combined three counties there were 50,000 available in each county

04/15/2008 06:50 AM

by Neal Bloom-Realtor ® Assoc.-CRS-Weston FL (RE/MAX Premier Associates)

That is a lot of inventory to work off. I bet a good number of them should not even be on the market because they are priced wrong... We see that in out little market too.

Your Friend in Charlottesville!

04/15/2008 07:16 AM

by Charles McDonald / Your Trusted Broker for Charlottesville Real Estate (RE/MAX Assured Properties)

Central Oregon Real Estate | Thesa Chambers, Broker Amazing isn't it? I don't think New York City has this many listings!

04/15/2008 09:08 AM

by Jim Crawford ~ Atlanta Real Estate-ABR E-PRO (RE/MAX Greater Atlanta)

Susie Blackmon NC Realtor, Maggie Valley, Waynesville So you have 20 months of inventory also in the Western North Carolinas? It is amazing! So many folks really think there is no problem with this. I feel it is not healthy, and have my eye watching the numbers.

04/15/2008 09:11 AM

by Jim Crawford ~ Atlanta Real Estate-ABR E-PRO (RE/MAX Greater Atlanta)

Neal Bloom-Realtor ® Assoc.-CRS-Weston FL That is a lot of homes Neal!

04/15/2008 09:12 AM

by Jim Crawford ~ Atlanta Real Estate-ABR E-PRO (RE/MAX Greater Atlanta)

Charles McDonald / Your Trusted Agent for Charlottesville Real Estate Charles, I could not agree more! Many homes are listed totally at the wrong price! They are fishing to see if they can get a buyer on the hook,but they are not serious or motivated sellers.

04/15/2008 09:14 AM

by Jim Crawford ~ Atlanta Real Estate-ABR E-PRO (RE/MAX Greater Atlanta)

Wow, I cannot believe how many homes are on the market! I had to double check your number and make sure I wasn't adding an extra zero! Pricing wrong in your market would be devastating, sellers need very experienced agents there.

04/15/2008 12:55 PM

by Colorado Springs Realty Patricia Beck (Prudential Professional Realtors, GRI)

Colorado Springs Realty Patricia Beck Yes, in our other MLS system, GAMLS has over 115000 Active listings!

04/15/2008 02:16 PM

by Jim Crawford ~ Atlanta Real Estate-ABR E-PRO (RE/MAX Greater Atlanta)

Wow, that is unbelievable!!!

04/17/2008 12:14 AM

by Colorado Springs Realty Patricia Beck (Prudential Professional Realtors, GRI)

Colorado Springs Realty Patricia Beck Yes, and they are not going down, because sales are off over 40%!

04/17/2008 12:15 AM

by Jim Crawford ~ Atlanta Real Estate-ABR E-PRO (RE/MAX Greater Atlanta)

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