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Is Atlanta a Buyer’s Market or a Seller’s Market?

March 6, 2008

It depends.

Here’s a question raised by one of our readers in response to our report on North Atlanta market statistics:

With home prices increasing, does that mean supply is decreasing? How is the average home price increasing if inventory is high (assumption)?

The answer to that question requires a review at the hyper-local level.

Are you asking about houses in North Atlanta? South Atlanta? Intown? With lots of acreage? A close commute? Within the best school district? What price range?

Try looking for a 4-bedroom home in a great school district (no stucco please), priced between $375,000 and $450,000, built within the last 7 years on a 1/2 acre lot.

I found a total of 7 at 2:00 this afternoon — a little less than 6 months inventory. For a seller with a home meeting this description, it is a seller’s market.

The prices of North Atlanta homes are increasing simply because the value of homes has continued to increase – even though the homes are taking a little longer to sell.

Spread the word… North Atlanta is a strong, viable market!