ReaL Estate Report for Alpharetta

By
Real Estate Agent with Keller Williams Realty

I am a firm believer that the real estate market is nothing more than supply and demand.  When the demand for homes goes down because buyers can not get financing, then the the months supply of homes goes up because less people can purchase the homes on the market.  I just checked the Alpharetta months supply of homes on the market at the end of January (primarily North Fulton areas 13 & 14) and the months supply of homes is at 6 months - around 5 - 6 months is considered a stable market.  I think once the supply of homes stabilizes then we will start to get price appreciate instead of the price decreases.  I also think a key element in the return of the real estate market is the unemployment rate - which decreased considerably in December.  I think as long as the unemployment rate improves then consumer confidence will improve and then we will have more demand for homes - I still think we are 2-3 years away from getting back to a "normal" market -

If you need to buy or sell real estate, or know someone that does, please call me at 770 722-7010 - I am always looking for homes to sell and buyers to work with.  Visit my website at www.FosterHomeInfo.com for more information.

Comments (2)

Diane Grady
Endless Summer Realty - Saint Augustine, FL

True with supply and demand, however the global economy is the driver currently along with the unemployment. Throw in an election year and it is anyone's guess! I hope that you are correct and that prices are about to come up, but we will have to wait and see. It is guaranteed to be an interesting year!

Jan 05, 2012 09:15 AM
Hank Spinnler
Harmony Home Inspection Services of GA - Hoschton, GA
Atlanta Home Inspector

Hi John. I am wondering how much the global & U.S. stock markets affect consumer confidence? Those 300-400 point daily swings are unsettling.

Regarding unemployment improving, my hunch is that those unemployment numbers in December would have been temporarily improved due to seasonal work.

Jan 07, 2012 07:05 AM