Atlanta Home Prices Still Rising...

By
Real Estate Agent with Harry Norman, Realtors 333356

Case Shiller just posted gains in the top 20 US housing markets and it still looks good for Metro-Atlanta; but I must caution all who read this:

1. Some neighborhoods and zip codes, primarily in North Atlanta have pushed the limit on price increases past the point a reasonable buyer could purchase.

2. The higher-end price point on homes in Metro-Atlanta have actually had price decreases, especially in the 4th Quarter of 2019.

3. Those homes priced under $300,000 are experiencing the highest net gain in pricing, and see the most activity, multiple-offers and strong demand for more.

If you are considering a sale of your home this Spring; call me and ask for a Realtor's Price Analysis.... and don't be completely fooled by online companies that provide you regularly with a price based on algorithms.  Often times they are close, but not always, and they fluctuate daily.  

In October, home prices rose 3.3 percent year-over-year, according to the latest S&P CoreLogic/Case-Shiller Indices, bringing them a milestone 15 percent-plus higher than their last peak, in July 2006.

The complete data for the 20 markets measured by S&P:

Atlanta, Ga.
October/September: 0.4%
Year-Over-Year: 4.2%

Boston, Mass.
October/September: 0%
Year-Over-Year: 3.4%

Charlotte, N.C.
October/September: 0.4%
Year-Over-Year: 4.8%

Chicago, Ill.

October/September: -0.4%
Year-Over-Year: 0.5%

Cleveland, Ohio

October/September: -0.5%
Year-Over-Year: 3.3%

Dallas, Texas

October/September: -0.1%
Year-Over-Year: 2.9%

Denver, Colo.

October/September: 0%
Year-Over-Year: 3.3%

Detroit, Mich.

October/September: -0.5%
Year-Over-Year: 3.1%

Las Vegas, Nev.

October/September: -0.2%
Year-Over-Year: 2.3%

Los Angeles, Calif.

October/September: 0.4%
Year-Over-Year: 2%

Miami, Fla.

October/September: 0.3%
Year-Over-Year: 3.3%

Minneapolis, Minn.

October/September: -0.2%
Year-Over-Year: 4.2%

New York, N.Y.

October/September: 0.3%
Year-Over-Year: 0.8%

Phoenix, Ariz.

October/September: 0.5%
Year-Over-Year: 5.8%

Portland, Ore.
October/September: -0.5%
Year-Over-Year: 2.7%

San Diego, Calif.

October/September: -0.2%
Year-Over-Year: 2.9%

San Francisco, Calif.
October/September: -0.4%
Year-Over-Year: -0.4%

Seattle, Wash.

October/September: -0.3%
Year-Over-Year: 2.5%

Tampa, Fla.
October/September: 0.6%
Year-Over-Year: 4.9%

Washington, D.C.

October/September: 0.3%
Year-Over-Year: 3%

“With October’s 3.3 percent increase in the national composite index, home prices are currently more than 15 percent above the pre-financial crisis peak reached July 2006,” Craig J. Lazzara, of the S&P Dow Jones Indices, said in a statement. “As was the case last month, after a long period of decelerating price increases, the national, 10-city and 20-city composites all rose at a modestly faster rate in October compared to September. This stability was broad-based, reflecting data in 12 of 20 cities.

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Rainmaker
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Jeff Masich-Scottsdale AZ Associate Broker,MBA,GRI
HomeSmart Real Estate - Scottsdale, AZ
Arizona Homes and Land Group/ Buy or Sell

Very interesting John H. Mason and same here in the Phoenix Arizona metro, from your list the 5.8% year over year appreciation in the Phoenix metro was largest in the US. Jeff 

Jan 03, 2020 11:24 AM #1
Rainer
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Tracy Hawke, The Woodland Companies!
Woodland Management Service - Minocqua, WI
Wisconsin Forest Land Experts!

Thanks for the update on this community, all the best to you as you get many of these properties listed and sold.

Tracy

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Jan 08, 2020 12:29 AM #2
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John H. Mason

Associate Broker - Realtor; Atlanta Georgia
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