Considering Selling Your Home? Discover Why Now is the Perfect Time in Atlanta!

Real Estate

Considering Selling Your Home? Discover Why Now is the Perfect Time in Atlanta!

Considering stepping into the role of home seller in the present housing market? Here's a quick snapshot of what's going on, specifically in the Atlanta area, to help you make an informed decision:

Current Landscape:

  • Inventory Shortage: At the moment, we are facing an inventory deficit, which has been building up over the last 14 years. It creates a favorable environment for sellers as the competition is less fierce.
  • Mortgage Rate Lock-In Effect: A considerable number of homeowners are choosing not to sell to avoid higher rates on their next home. This is further reducing the available inventory, making it a seller's market. Some people call this the "Golden Handcuffs." 
  • Media Skepticism & Misinformation: Some misleading headlines have created a hesitant atmosphere for potential sellers. Cutting through the noise with reliable information is key now.

Your Neighborhood Insights:

  • Housing Trends in Atlanta: Stability is the word! With steady demand and stable prices, the Atlanta-metro area has been holding its ground well, especially compared to national trends and the costs. 
  • Limited Supply & High Demand: US news and world reports - claims there is only a 2.4-month supply of homes - our metro ATLANTA Area is 2.5 (less than half the balanced market benchmark), your property is bound to get noticed more easily amidst the current high demand.
  • Price Trends: As of July, the median home price is sitting at $395,000, a slight increase from last year and a figure that's below the national average, hinting at a lucrative opportunity for sellers.

Why Atlanta is Buzzing:

  • Robust Economy: Metro Atlanta boasts the 10th largest economy in the country, housing nearly 6 million residents and over 150,000 businesses. It is the proud headquarters to 18 FORTUNE 500 companies, including giants like Coca-Cola and Home Depot.
  • Business Relocations: The region continues to attract renowned companies, Porsche and Mercedes-Benz being notable additions. These moves are expected to bolster job opportunities, with Atlanta accounting for 59% of Georgia's new jobs in 2017, with giants like Rivian and its 5 billion dollar facility.
  • Affordability: Companies and individuals alike are drawn to Atlanta's affordability, with lower real estate costs and a cost of living that's very approachable compared to other cities like New York and Los Angeles.
  • Educational Excellence: A well-educated workforce, fostered by institutions such as Georgia Tech and Emory University, serves as a magnet for corporate relocations, assuring quality local talent for businesses.
  • Tax Incentives: Businesses are reaping substantial tax benefits from relocating to Atlanta, enhancing the city's allure as a corporate headquarters hub. Google, Microsoft, and Delta employees. 
  • Cultural and Recreational Richness: Beyond economics, Atlanta stands as a vibrant cultural center, offering an array of entertainment options. In Atlanta, we love our sporting events in the world-famous Mercedes-Benz stadium and the beloved Atlanta Braves at the battery. 


What It Means for You:

It's a Prime Time to Sell: The limited inventory scenario can work beautifully to your advantage, potentially making your property a hot commodity. A well-informed agent can be your ally in navigating these market dynamics efficiently, ensuring you get the best deal.

Remember, it's always beneficial to have a friend with insights when you decide to make your move. Feel free to reach out for a casual chat about the market dynamics, no strings attached!

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