Atlanta MLS Listings Keep Rising | 88103 Active Atlanta MLS Listings

Atlanta MLS Listings reached 88103 today.  I predicted earlier this year that Atlanta MLS Listings will climb to all time highs this year.   Atlanta MLS Listings may reach as high as 100,000 active listings in our FMLS before the end of they year due to declining sales, increased foreclosures, and a cumulative effect of unsold homes that need to sell and they are just sitting on the market.  The Spring Atlanta real estate market has not benefited from the seasonal bounce in Atlanta home sales.  Atlanta home sales in the month of March are showing a decline of 35.9% over March 2007 and Atlanta condo sales are off 40.3% from the same period last year.  Atlanta Active listings includes single family homes for sale in our Atlanta First Multiple Listing Service FMLS, Atlanta condos and town homes, land/farm, residential lots, multi dwelling units, rentals and Atlanta commercial real estate.  March foreclosure filings also rose to all time highs of 11070 new foreclosure filings.  The Atlanta real estate market will remain a buyer's market for some time to come, and will only normalize when the excess volumes of home inventories disappear!  Even though Atlanta never had the run up in prices that most other areas of the country had, we did have a disproportionate share of sub-prime borrowers.  It is those adjusting sub-prime mortgages that are going into foreclosures, short sales, and Atlanta bank owned properties and placing a drag on our Atlanta real estate market.  For Atlanta home sellers it will be a difficult time to sell a home unless you are dealing with a full time experienced agent guiding you through he process and advising you.  The average price for an Atlanta single family detached home was $246,901 in March or a decline of 7.4%  The average price for Atlanta condos and town homes in March 2008 was $180,556 - a decline of 6.8% from March 2007.

 
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6 Comments on Atlanta MLS Listings Keep Rising | 88103 Active Atlanta MLS Listings

Jim, I'm glad you explained the source of the increased inventory. Sellers would best be smart working with good agents who can keep them grounded in reality and get them market value for the home.

04/25/2008 05:02 PM by Gary Woltal - REALTORĀ® Dallas Ft. Worth (Keller Williams Realty)


I think as agents, it is really important to give our clients the facts and not sugar coat them.  Those are some scary numbers.

04/25/2008 05:14 PM by Melina Tomson, M.S. Salem Oregon Real Estate Specialist (Tomson Burnham, llc)


Just stopped by to reciprocate and see how bad you guys sucked. I think we're still worse but you're starting to smell.

We're having some fun now. Thank God for blogging!

04/25/2008 07:46 PM by Gene Wunderlich - Selling Southwest California Homes / Temecula & Murrieta (Coldwell Banker Residential Brokerage)


Gary Woltal - REALTOR® Dallas Ft. Worth  In this marekt we all need facts and a reality check!  Too many buyers adn sellers will be making the wrong decisions based upon their emotions rather than facts.

04/25/2008 08:44 PM by Jim Crawford ~ Atlanta Real Estate-ABR E-PRO (RE/MAX Greater Atlanta)


Melina Tomson, M.S. Salem Oregon Real Estate Specialist  The Atlanta numbers are not good, but there are opportunities and homes are still being sold!  We just closed a few and have another schedualed to close Monday.

04/25/2008 08:47 PM by Jim Crawford ~ Atlanta Real Estate-ABR E-PRO (RE/MAX Greater Atlanta)


Gene Wunderlich - Selling Southwest California Homes / Temecula & Murrieta  Well there is certainly more time to blog!  For use it has allowed us to list and sell a few more properties.

04/25/2008 08:48 PM by Jim Crawford ~ Atlanta Real Estate-ABR E-PRO (RE/MAX Greater Atlanta)


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Real Estate Agent: Jim Crawford ~ Atlanta Real Estate-ABR E-PRO (RE/MAX Greater Atlanta)
Jim Crawford ~ Atlanta Real Estate-ABR E-PRO
Atlanta, GA
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RE/MAX Greater Atlanta

Office Phone: (770) 238-0122
Cell Phone: (770) 664-9516
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Atlanta real estate broker associate, real estate columnist for www.RealtyTimes.com, real estate speaker. Real estate marketing, Internet marketing for real estate, real estate coaching

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