Tuesday, June 25, 2013

Atlanta Real Estate Market Update

This year, the spring selling season has kicked off with an early, energetic start. Sales associates are reporting increased showings at open houses, multiple offers on properties and offers above asking price - often within weeks or days. The market now favors sellers, making buyers anxious to take advantage of low interest rates and lower prices before they rise.Data provided by the First Multiple Listing Service* illustrates that inventory levels are down. Total inventory of properties for sale in April 2013 was 12,310 down 32.8% from 18,312 in April 2012. This lack of supply has created pent up demand for properly priced homes, in the right location and or school district.
An increase in demand and decrease in supply is slowly pushing prices upwards in several Atlanta submarkets. According to FMLS, the average sales price in April 2013 was $257,575, up 36.1% from $189,229 in April 2012. 

Here are a few tips for both buyers and sellers that should make the process easier.

Buyers, review your credit score. A solid score can help you lock in a lower interest rate and get a mortgage pre-approval, which you will need in this fast-paced environment. Determine your housing preferences and contact me for professional assistance through the entire process.
Sellers, homes are selling quickly, so you'll need to do some spring cleaning, painting and sprucing. Have an inspection done and address key issues before placing your home on the market. If you are thinking of placing your home on the market, contact me today. I will complete a competitive market analysis, review competing homes and determine the inventory levels in your locale and price point.
*Includes Cherokee, Cobb, Clayton, Dekalb, Douglas, Forsyth, Fulton, Gwinnett, and Paulding counties

Are you looking buy or sell a home?
If so, contact me first. Not local? no problem! Give me a call at (404) 857 - 2508 to see how I can help.

Until next time,

Natasha Liburd Bazile is a Realtor with Coldwell Banker Atlanta and the Lead Home Stager with Heart of Decor in Georgia (virtual services available). She prides herself in being a guide to her clients and finds fulfillment in helping them achieve their goals.

Direct Phone: (404) 857-2508 
www.NatashaKnowsATLHomes.com Email - Facebook - Twitter - YouTube

No comments:

Post a Comment