The market in Intown Atlanta set new records in 2017.
The story of real estate in Intown Atlanta continues to be one of very low inventory and very high buyer demand. Single family homes priced under $300,000, with two or more bedrooms, were listed for just 35 days before going under contract. The monthly inventory of just 2 months approached a record low and the median sold price increased by 6%.
2017 MARKET STATS
325 Residences Sold: Down 65%
$252,000 Median Price: Up 6%
36 Days Time on Market: Up 20%
2 Months Inventory: No Change
The vibrant Intown lifestyle is drawing professionals, empty-nesters, hipsters and families. With amazingly low interest rates, increased job growth, and more people moving to Intown Atlanta, the local real estate market should stay red hot for many months to come. I expect buyer demand to remain steady or even increase in 2018.
If you will be buying or selling a property in 2018, please contact us to discuss your opportunities in today’s market.