HOME PRICES IN ALPHARETTA, GA FOR MAY 2014 (Zip Code 30004)
Real Estate Market Data for Alpharetta, GA (30004) provided by Tom Esposito, Alpharetta Home Solutions
Alpharetta Home Prices
During May 2014, we've seen some mixed signals in housing conditions. While the median listing price gained and closed sales skyrocketed, new listings fell and so did pending sales. This reflects the confusion buyers are facing with an economy that is standing still and continued low interest rates. Buyers are making purchases, but new buyers are being very cautious. It's very hard to predict the future direction of this local market.
Alpharetta Real Estate Report Summary
New listings fell by 18%, leaving buyers with fewer choices. New pending sales dropped by 17.5% indicating that fewer buyers were committing to a purchase. But closed sales were up by almost 80% since April. That signaled that buyers thought there were great deals to be had at that time. The median listing price rose to more than $586000. Again, it's increasingly hard to predict where this market is heading with all of the mixed signals. We'll see what surprises the market might have for us next month.
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Tom Esposito, ABR, CDPE, CIAS
Real Estate Consultant
Alpharetta Home Solutions, Alpharetta, GA