Notable areas of the country like Florida, California and Nevada, to name a few, saw home appreciation double and triple between 2001 and 2006. However, in Atlanta, we experienced an increase of property values of approximately four to five percent on average.
Currently, as we look across the nation, we see the housing market struggling to sustain any type of momentum. And, in Atlanta, we have definitely seen a slowing of our market. However, the difference between the Atlanta market and some of the other areas of the country is we have not seen a substantial decline in property values.
Additionally, Atlanta continues to be a place where people want to move. Looking back, between 2000 and 2006, our area added approximately 856,266 people....the highest in the nation. And, the growth for our great city is expected to see an increase of an estimated 2 million people moving here over the next 12 years! As such, we will continue to benefit from the influx of people moving to our area; and, the projection is the demand for housing in our city will remain strong. With approximately 100,000 homes on the market today, it should not take us long to absorb the current inventory based on our continued growth as a city.