August 13 2009

Homes for Sale - Atlanta Market Conditions July 2009

by brook

Atlanta Homes For Sale

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. 

 

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