Midtown 2017-2018 Market Snapshot: Single Family Homes

Big city life. Neighborhood feel. 

The story of real estate in Midtown continues to be one of low inventory and robust buyer demand. Real estate in Midtown offers direct access to many of the city’s finest parks, theaters, shops and restaurants as well as excellent transportation access. Homes in top condition often went under contract in just days after receiving multiple offers.

Midtown was a dynamic, fast-moving seller’s market in 2017 with a market time of just 40 days and an all-time high for sold prices. Perhaps the most significant statistic in 2017 is that the monthly inventory of homes for sale in Midtown dropped nearly 50% to just over 3 months, down from 6.5 months in 2016.

 

2017 MARKET STATS

38 Homes Sold: Up 31%

$747,000 Median Price: Up 11%

40 Days Time on Market: Down 2%

3.2 Months Inventory: Down 52%

2018 Outlook

Midtown is hip, exciting and perfectly situated in the heart of Atlanta. We expect buyer demand for homes to increase in 2018 as Midtown becomes ever-more popular with homebuyers and investors who want a cultural enclave with beautiful homes, buildings, parks and open spaces.

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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