Janet Weidmann speaks on Atlanta Housing in 2015

“According to the latest FMLS stats there were
2,959 closings for Residential Single Family
detached houses in January 2015.

That represents a DECREASE of 7% over same period last year.

Active Inventory for Single Family houses is UP as of
the end of January with an INCREASE of about 12%!

NUMBERS are UP – The Median Sales Price rose during last 2 months of 2014 due to a decrease in supply, but now SUPPLY is UP in January 2015. What does this all mean?

What does this mean for Buyers & Sellers?

There is more inventory to choose from as Sellers become more confident in putting their homes on market due to higher sales prices.  Sellers are digging out from being under water.  Interest rates continue to be historically low.

What will the Future bring?

Interest rates historically tend to shift upward in the spring and back down again at year’s end.  With interest rates low and affordability high Atlanta is #1 of the Top 10 Housing Markets in the nation.
According to Realtor.com, Atlanta is predicted to have a 6% increase in home owning households over the next 5 years.

Where will these buyers be purchasing homes?

Urban areas are high on the list for Millennials. However, with ever-increasing price tags and growing families this trend may not be sustainable to most couples. Good school areas are always a strong pull for relocation clients as well as locals.  With more soft industries coming to the burbs, (e.g. Mercedes Benz – coming to Sandy Springs in 2015) there will be more viable lifestyle options to families and couples alike without the horrible commute that Atlanta is known for. “

My best always,
Janet Weidmann, REALTOR
WOW Team Keller Williams Realty First Atlanta

Contact Janet Weidmann with the WOW Team to learn more about the real estate in your immediate neighborhood. Link here to find out the real value of your home.