According to REALTOR® Magazine Online, Atlanta has made it into the Top Ten list of the fastest-selling zips codes.
The study was conducted by Altos Research, which conducts real estate data from all over the country. #1 on the list - Sunnyvale, California, with an average of 66 days on the market.
Atlanta, Georgia 30340, slipped in at number 10, with an average of 91 days on the market. According to FMLS (our Multiple Listing Service), from 1/1/08 through 10/27/08, the 30340 zip code has had an average list price of $213,805 and an average sale price of $207,160. (Also worth noting: FMLS lists an average days on market for this zip code during this time period as only 66 days, tying for first with the #1 city on the list.)
So I will reiterate what we've been telling our clients for months - it's a great time to buy in Atlanta. Though we have seen a slow-down from our previously booming market, we have not experienced the huge bubble-burst of other markets around the country and we have certainly not come to a grinding halt! The market is strong, even for sellers as long as they remember that the houses that sell are the ones that are priced right and in the best condition.
For more information on buying or selling a home in Atlanta, please contact The Gebhardt Group today!
Maura Neill, ABR® (formerly Maura Gebhardt)
The Gebhardt Group
RE/MAX Greater Atlanta
10220 Medlock Bridge Road
Johns Creek, GA 30097