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
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