Intown Atlanta 2017-2018 Market Snapshot: Single Family Homes $600,000-$1 Million

The market for single family homes in Intown Atlanta continues to thrive!

In 2017 the sale of homes priced from $600,000 to $1 million set new records: 551 homes sold in 2017, an increase of 13% over 2016. Buyer demand far outstripped the number of homes for sale. Inventory dropped 16% in 2017 compared to 2016. And with an average listing time of just 37 days before properties went under contract, buyers had to move quickly when a new listing hit the market.

 

2017 MARKET STATS

551 Residences Sold: Up 13%

$735,000 Median Price: No Change

37 Days Time on Market: Down 18%

3.17 Months Inventory: Down 16%

2018 Outlook

The vibrant Intown lifestyle is drawing everyone from international professionals to empty-nesters and growing families. The Intown area offers so many choices for discerning buyers, from classic estates in Ansley Park to amazing craftsman-style homes in Midtown. We believe that the higher-end Atlanta real estate market will remain competitive for buyers and sellers over the next year and probably beyond.

If you will be buying or selling a property in 2018, please contact us to discuss your opportunities in today’s market.

 

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