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

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Real Estate Agent with Crye-Leike REALTORS® 165062

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

James Crawford ABR, Broker Associate

 

 

 

 

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Rainmaker
610,618
Eric Bouler
Gardner Realtors, Licensed in La. - New Orleans, LA
Listening to your Needs
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!
Apr 14, 2008 04:08 PM #1
Rainmaker
259,533
Melina Tomson
Tomson Burnham, llc Licensed in the State of Oregon - Salem, OR
Principal Broker/Owner, M.S.
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.
Apr 14, 2008 04:17 PM #2
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Jim Crawford
Crye-Leike REALTORS® - Atlanta, GA
Jim Crawford Atlanta Best Listing Agents & REALTOR
 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!
Apr 14, 2008 05:00 PM #3
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Jim Crawford
Crye-Leike REALTORS® - Atlanta, GA
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 Melina Tomson, M.S. Salem Oregon Real Estate Specialist  It wasn't just your area!  Builders went really stupid building all those spec homes!
Apr 14, 2008 05:01 PM #4
Rainmaker
337,464
Thesa Chambers
Fred Real Estate Group - Bend, OR
Principal Broker - Licensed in Oregon
wow that is more homes that our closest city has people - that amazes me
Apr 14, 2008 06:16 PM #5
Rainmaker
363,351
Susie Blackmon
Ocala, FL
Ocala, Horses, Western Wear, Horse Farms, Marketing

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

  

Apr 14, 2008 07:46 PM #6
Rainmaker
593,907
Neal Bloom
Brokered by eXp Realty LLC - Weston, FL
Realtor CRS-Weston FL Real Estate

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

Apr 14, 2008 11:50 PM #7
Rainmaker
1,041,251
Charles McDonald
Charlottesville Real Estate Solutions - Charlottesville, VA
REALTOR®, Blogger, Principal Broker®, Owner

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!

Apr 15, 2008 12:16 AM #8
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Jim Crawford
Crye-Leike REALTORS® - Atlanta, GA
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Central Oregon Real Estate | Thesa Chambers, Broker  Amazing isn't it?  I don't think New York City has this many listings!
Apr 15, 2008 02:08 AM #9
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Jim Crawford
Crye-Leike REALTORS® - Atlanta, GA
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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.
Apr 15, 2008 02:11 AM #10
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Jim Crawford
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Neal Bloom-Realtor ® Assoc.-CRS-Weston FL   That is a lot of homes Neal!
Apr 15, 2008 02:12 AM #11
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Crye-Leike REALTORS® - Atlanta, GA
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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.

Apr 15, 2008 02:14 AM #12
Rainmaker
234,380
Patricia Beck
RE/MAX Properties, Inc., GRI, CDPE - Colorado Springs, CO
Colorado Springs Realty
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.
Apr 15, 2008 05:55 AM #13
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Colorado Springs Realty Patricia Beck  Yes, in our other MLS system, GAMLS has over 115000 Active listings!
Apr 15, 2008 07:16 AM #14
Rainmaker
234,380
Patricia Beck
RE/MAX Properties, Inc., GRI, CDPE - Colorado Springs, CO
Colorado Springs Realty
Wow, that is unbelievable!!!
Apr 16, 2008 05:14 PM #15
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Jim Crawford
Crye-Leike REALTORS® - Atlanta, GA
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 Colorado Springs Realty Patricia Beck  Yes, and they are not going down, because sales are off over 40%!
Apr 16, 2008 05:15 PM #16
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