Arguably the top metro relocation area of the South, Atlanta experienced exponential growth during the housing boom. Now, with median prices on a nationwide decline for the past year, some markets are thought to have finally hit bottom – and Atlanta appears to be one of those regions.
According to the National Association of Realtors, the median sales price of a single-family home in metro Atlanta rose in the second quarter of 2009. And, housing analysts say, more quarterly improvement is expected to take place, despite a price decline down year-over-year.

The Q2 2009 report showed that the median sales price in Atlanta was $121,400, up five percent from the previous quarter’s median of $115,600. The current median sales price is 23 percent lower than last year’s second quarter figure of $158,300, according to the Realtors association report.

Many Atlanta real estate agents concur that in light of a potential bottoming out, interested buyers should act soon. The city has a great inventory of traditional resale and foreclosures, as well as a plentiful supply of new homes for sale. Atlanta, GA has endless opportunities for new residents this summer: strong employment numbers, fantastic housing options, and as always, beautiful surroundings.