• Home
    • Atlanta
    • Atlanta Has A Housing Shortage! It’s a Seller’s Market

    Atlanta Has A Housing Shortage! It’s a Seller’s Market

    Atlanta Housing Shortage

    Atlanta Has A Housing Shortage! It’s a Seller’s Market

    Are you Looking to Buy a Home in Atlanta and Can’t Find One? Well, that is because Atlanta has a housing shortage! It’s a Seller’s Market in most areas and price points in the Metro Atlanta Area.

    Having a shortage of homes on the market creates higher competition for the most desirable homes on the market. Bidding wars for these homes creates a huge edge for a Seller in this market!

    Some driving factors of Bidding Wars in a Seller’s Market are:

    • Low Inventory
    • Location of the Property
    • Price
    • Condition of the Home
    • School District

    In the real estate business it is a price, location and beauty contest!  If you have a home that is priced right, is well maintained and shows well, and is in a desirable location you will see a lot bidding wars for these homes and they will fly off the market!

    For a Seller this is great news! If you are thinking about Selling your home, now is the time to do it!

    Find out what your home is worth here!

    As a home Buyer in a Seller’s market with a shortage of homes you will find it challenging to find a home, and will most likely find yourself in a competitive multiple offer bid situation for the home you want! Again, this is because  Atlanta has a shortage of homes on the market! Now more than ever, it is so important for Buyers to be pre-approved for a mortgage and work with a dedicated and reputable Realtor that lives, breathes, and knows the market that you are looking in. You want a Realtor that is full time, full service and that will create a home buying strategy for you before you even start the home buying process. In this market you need a strategy to give you and edge!

    According to a recent article posted on AJC.com, Atlanta’s Home Shortage is one of the worst in the country. Here is a look by county how the inventory of homes has decreased in the Metro Atlanta market from May 2015- May 2016:

    • Cobb: DOWN 16.94%
    • Gwinnett: DOWN 21.84%
    • Cherokee: DOWN 18.41%
    • DeKalb: DOWN 11.41%
    • Paulding: DOWN 25.49%
    • Fulton: DOWN 4.55 %

    Forsyth County is  the only one where inventory has gone UP  by 2.46%.

    Source: AJC.com, Georgia Multiple Listing Service, Virgent Realty- read more here

    So, if you are thinking about Selling, this is the time to sell! Atlanta has a Housing shortage! It’s a Seller’s market! Find out how The Cowan Connection Team can net you the most amount of money for your home! Find out what your home is worth here!

    If you want to Buy a Home in Atlanta, start your home search here and schedule a strategy session today!

    Search All Atlanta Homes For Sale!

    Search All Cobb County Homes For Sale!

    Trackback from your site.

    Leave a Reply