The supply of Clayton County GA real estate for sale is slightly lower this year than in previous years.
In fact, a lack of housing inventory is affecting cities all across the country. With fewer choices and rising prices, buyers are left frustrated by their lack of options. Sellers can also be hesitant to put their houses on the market for fear of finding a new home themselves in a tight market.
Buyers hoping to find a home to purchase in the Atlanta area are feeling the constraints of low housing inventory throughout the 13-county metro.
That's not really news. Overall, Atlanta's inventory sits at about 2 - 3 months supply. A balanced market is considered to be one with a 6-month supply of houses available for purchase.
What's new is that Clayton County saw the highest percent decline in supply of all the counties this spring -- 28% difference from available inventory at the same time last year.
Why is that news?
In recent years, the highest levels of real estate activity has been in the north metro counties, with counties south of the I-20 seeing slower recovery. The high market activity also resulted in home prices rising faster in the north counties. Conversely, the southern counties are becoming more interesting to buyers.
What’s that mean for Clayton County home buyers?
Buyers who have been priced out of the north counties are finding comparable properties at more affordable options in the southern half of the metro. And for many, Clayton County has the most attractive housing choices of all. If you are looking to buy an Atlanta area home, you’ll likely find more house for your money if you search in Clayton County now. Buyers who have been willing to expand their search to the 20-South communities have discovered a gold mine of opportunity in Clayton County GA homes for sale, and available properties have been getting snatched up.
What’s that mean for Clayton County home sellers?
If you are thinking of selling your Clayton County home, there’s a lot less competition for the buyers this year than there was last year. In fact, buyers competing for the few available properties are more likely to bid your price up. It’s an excellent time to be a Clayton County home seller!
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