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Real Estate Market Update - June 2017

7/20/2017

Berkshire Hathaway HomeServices Georgia Properties
Real Estate Advisor – June 2017

We are providing this monthly real estate advisor to keep you informed about the latest trends and issues in the real estate market.  Remember that real estate is local and every market is different.  Contact us to find out the specific details for your local area.  If you know someone else who might be interested in receiving this report or who may benefit from our expertise, please let us know.   Better information helps our clients make better real estate decisions!

The weather is getting warmer and so is the Metro Atlanta real estate market.  Pendings are up and closings are up.  Below is the summary for Metro Atlanta with data through May 2017. 

  • Year-to-date pended sales through May were up 4.3% versus last year. Year-to-date closings were up 4.9% versus last year and up 2.4% from last May.
  • The average sales price for May was $304,000 - up 2% from last month and up 5.6% from last year. 2017 is on track to be the highest average sales price on record.   
  • The listed inventory for May was up 5.8% from last month and down 5.7% from last May. But the limited availability of desirable properties is still driving multiple offers and very quick sales in select areas.
  • Overall months of supply for May was 2.7 months. Six months is considered normal.  Luxury properties are taking longer with homes above $1 million averaging 10.3 months and properties over $2 million averaging 25 months to close.  These numbers indicate a seller’s market under $500,000 and a buyer’s market over $1 million.
  • The latest Case-Shiller Index for Atlanta (5/30/17) was essentially flat compared to the previous month. Metro Atlanta home values are up 63% from the bottom of March 2012.  Increased homes values are building equity and getting sellers back into the market. 

Click here for a more detailed set of charts including the National Real Estate Market, Metro Atlanta Real Estate Market and Trends for Georgia Real Estate.

 

 Information Contained In This Report Is Proprietary And Not To Be Copied Or Reproduced In Any Way Without The Prior Consent 
Of Berkshire Hathaway HomeServices Georgia Properties.  Information Is Deemed Reliable But Not Warranted.

Real Estate Market Update - May 2017

6/19/2017

The weather is getting warmer and so is the Metro Atlanta real estate market.  Pendings are up and closings are up.  Below is the summary for Metro Atlanta with data through May 2017. 

  • Year-to-date pended sales through May were up 4.3% versus last year. Year-to-date closings were up 4.9% versus last year and up 2.4% from last May.
  • The average sales price for May was $304,000 - up 2% from last month and up 5.6% from last year. 2017 is on track to be the highest average sales price on record.   
  • The listed inventory for May was up 5.8% from last month and down 5.7% from last May. But the limited availability of desirable properties is still driving multiple offers and very quick sales in select areas.
  • Overall months of supply for May was 2.7 months. Six months is considered normal.  Luxury properties are taking longer with homes above $1 million averaging 10.3 months and properties over $2 million averaging 25 months to close.  These numbers indicate a seller’s market under $500,000 and a buyer’s market over $1 million.
  • The latest Case-Shiller Index for Atlanta (5/30/17) was essentially flat compared to the previous month. Metro Atlanta home values are up 63% from the bottom of March 2012.  Increased homes values are building equity and getting sellers back into the market. 

Click here for a more detailed set of charts including the National Real Estate Market, Metro Atlanta Real Estate Market and Trends for Georgia Real Estate.

 Information Contained In This Report Is Proprietary And Not To Be Copied Or Reproduced In Any Way Without The Prior Consent
Of Berkshire Hathaway HomeServices Georgia Properties.  Information Is Deemed Reliable But Not Warranted.

Real Estate Market Update - April 2017

5/16/2017

Berkshire Hathaway HomeServices Georgia Properties
Real Estate Advisor 

We are providing this monthly real estate advisor to keep you informed about the latest trends and issues in the real estate market.  Remember that real estate is local and every market is different.  Contact us to find out the specific details for your local area.  If you know someone else who might be interested in receiving this report or who may benefit from our expertise, please let us know.   Better information helps our clients make better real estate decisions!

The weather is getting warmer and so is the Metro Atlanta real estate market.  Pendings are up and closings are up.  Below is the summary for Metro Atlanta through April 2017. 

  • Year-to-date pended sales through April were up 4.4% versus last year. Year-to-date closings were up 4.3% versus last year and down 7% from last April. Closings under $200,000 are significantly lower due to extremely limited supply.  Other price points are performing well compared to last year – which was very strong in the spring.       
  • The average sales price for April was $300,000 - up 4.5% from last month and up 5.2% from last year. 2017 is on track to be the highest average sales price on record.    
  • The listed inventory for April was up 3.8% from last month and down 7.2% from last March. But the limited availability of desirable properties is still driving multiple offers and very quick sales in select areas.
  • Overall months of supply for April was 3.2 months. Six months is considered normal.  Luxury properties are taking longer with homes above $1 million averaging 12.8 months and properties over $2 million averaging 30.4 months to close.  These numbers indicate a seller’s market under $500,000 and a buyer’s market over $1 million.
  • The latest Case-Shiller Index for Atlanta (4/28/17) was essentially flat compared to the previous month. Metro Atlanta home values are up 61% from the bottom of March 2012.  Increased homes values are building equity and getting sellers back into the market. 
  • Visit HomeServices Lending at HomeServicesLending.com for the latest mortgage rates. Ask about our Close On Time Guarantee and Free Second Opinion programs.  Over 77% of clients who tried the Second Opinion Program found a better solution and ended up closing their loan with HomeServices Lending.  

Click here for a more detailed set of charts including the National Real Estate Market, Metro Atlanta Real Estate Market and Trends for Georgia Real Estate.

Real Estate Market Update - March 2017

3/17/2017

Berkshire Hathaway HomeServices Georgia Properties
Real Estate Advisor – March 2017

We are providing this monthly real estate advisor to keep you informed about the latest trends and issues in the real estate market.  Remember that real estate is local and every market is different.  Contact us to find out the specific details for your local area.  If you know someone else who might be interested in receiving this report or who may benefit from our expertise, please let us know.   Better information helps our clients make better real estate decisions!

The Metro Atlanta real estate market is off to a mixed start in 2017.  Pendings show strong momentum but closings are slightly down from last year.  Inventory is lower - making it harder to find the right property.  Below is the summary for Metro Atlanta through February 2017. 

  • Year-to-date pended sales through February were up 8.8% versus last year. Year-to-date closings were down 2% versus last year and down 9.8% from last February.     
  • The average sales price for February was $269,000 - up 1.9% from last month and up 5.9% from last year. The annual ASP for 2016 beat the record posted back in 2006.  
  • The listed inventory for February was down 1.8% from last month and down 5.4% from last February. But the limited availability of desirable properties is still driving multiple offers and very quick sales in select areas.
  • Overall months of supply for February was 4.4 months. Six months is considered normal.  Luxury properties are taking longer with homes above $1 million averaging 18.3 months and properties over $2 million averaging 91 months to close.  
  • The latest Case-Shiller Index for Atlanta (2/28/17) was essentially flat (+.16%) compared to the previous month. Metro Atlanta home values are up 61% from the recent bottom of March 2012 and up 2.42% from the average index last year.  Increased homes values are building positive equity and getting some sellers back into the market. 

Click here for a more detailed set of charts including the National Real Estate Market, Metro Atlanta Real Estate Market and Trends for Georgia Real Estate.

 

Information Contained In This Report Is Proprietary And Not To Be Copied Or Reproduced In Any Way Without The Prior Consent
Of Berkshire Hathaway HomeServices Georgia Properties.  Information Is Deemed Reliable But Not Warranted.

Real Estate Market Update - February 2017

2/20/2017

Berkshire Hathaway HomeServices
Georgia Properties
Real Estate Advisor – February 2017


We are providing this monthly real estate advisor to keep you informed about the latest trends and issues in the real estate market. Remember that real estate is local and every market is different. Contact us to find out the specific details for your local area. If you know someone else who might be interested in receiving this report or who may benefit from our expertise, please let us know. Better information helps our clients make better real estate decisions!

 


The Metro Atlanta real estate market is off to a mixed start in 2017. Pendings show strong momentum. Closings are slightly up. Inventory has dropped making it harder to find the right property for some buyers. Here is the summary for Metro Atlanta through January 2017.

  • Pended sales for January 2017 were up 30% from last month and up 14.2% from last January. Closings were down 33.9% from last month and up 2.2% from last January.
  • The average sales price for January was $266,000 - down 5% from last month and up 4.3% from last year. The annual ASP for 2016 beat the record posted back in 2006.
  • The listed inventory for January was down 6.4% from last month and down 5.4% from last January. But the limited availability of desirable properties is still driving multiple offers and very quick sales in select areas.
  • Overall months of supply for January was 4.7 months. Six months is considered normal. Luxury properties are taking longer with homes above $1 million averaging 19.6 months and properties over $2 million averaging 82 months to close.
  • The latest Case-Shiller Index for Atlanta (1/30/17) was essentially flat (+.03%) compared to the previous month. Metro Atlanta home values are up 61% from the recent bottom of March 2012 and up 8.06% from the average index last year. Increased homes values are building positive equity and getting some sellers back into the market.
  • Visit HomeServices Lending at Georgia.HomeServicesLending.com for the latest mortgage rates. Ask about our Close On Time Guarantee and Free Second Opinion programs. Over 77% of clients who tried the Second Opinion Program found a better solution and ended up closing their loan with HomeServices Lending.

Click here for a more detailed set of charts including the National Real Estate Market, Metro Atlanta Real Estate Market and Trends for Georgia Real Estate.

 

Information Contained In This Report Is Proprietary And Not To Be Copied Or Reproduced In Any Way Without The Prior Consent
Of Berkshire Hathaway HomeServices Georgia Properties.  Information Is Deemed Reliable But Not Warranted.

 

December 2016 Real Estate Market Update

2/1/2017

Berkshire Hathaway HomeServices
Georgia Properties
Real Estate Advisor - January 2017


We are providing this monthly real estate advisor to keep you informed about the latest trends and issues in the real estate market. Remember that real estate is local and every market is different. Contact us to find out the specific details for your local area. If you know someone else who might be interested in receiving this report or who may benefit from our expertise, please let us know. Better information helps our clients make better real estate decisions!

 

The Metro Atlanta real estate market is off to a fast start for 2017.  The market has been very active during the first few weeks of January. Here is the summary for Metro Atlanta real estate through December 2016.

  • Closings for December 2016 were down 8.2% from last month and down 3.3% from last December. According to Trendgraphix, 2016 closings were up 9.8% compared to 2015.
  • The average sales price for December was $282,000 – up 1.8% from last month and up 5.6% from last year. The annual ASP beat the record levels posted back in 2006.
  • The listed inventory for December was down 8.2% from last month and down 3.3% from last year. But the limited availability of desirable properties is still driving multiple offers and very quick sales in select areas.
  • Overall months of supply for December was 4.3 months. Six months is considered normal. Luxury properties are taking longer with homes above $1 million averaging 12.2 months and properties over $2 million averaging 28.5 months to close.
  • The latest Case-Shiller Index (12/27/16) was up .41% from the previous month. Metro Atlanta home values are up 61.79% from the recent bottom of March 2012 and up 8.06% from the average index last year. Increased home values are building positive equity and getting some sellers back into the market.
  • Visit HomeServices Lending at Georgia.HomeServicesLending.com for the latest mortgage rates. The recent Fed hike has driven mortgage rates higher and many buyers are taking action before rates rise further. Our Close On Time Guarantee and Free Second Opinion programs have been very beneficial to our clients!

Click here for a more detailed set of charts including the National Real Estate Market, Metro Atlanta Real Estate Market and Trends for Georgia Real Estate.

 

Information Contained In This Report Is Proprietary And Not To Be Copied Or Reproduced In Any Way Without The Prior Consent
Of Berkshire Hathaway HomeServices Georgia Properties.  Information Is Deemed Reliable But Not Warranted.

 

 

November 2016 Real Estate Market Update

12/26/2016

Berkshire Hathaway HomeServices Georgia Properties Real Estate Advisor -

The Metro Atlanta real estate market remains during the holiday season.  Here is the summary for Metro Atlanta real estate through November 2016.  

  • Closings for November 2016 were down 9% from last month and up 21.9% from last November. Year-to-date 2016 closings were up 10.6% compared to YTD 2015.  
  • The average sales price for October was $279,000 – up 3.7% from last month and up 5.2% from last year. The ASP is on track to beat the record levels posted back in 2006.   
  • The listed inventory for November was down 5.4% from last month and down 3.3% from last year. But the limited availability of desirable properties is still driving multiple offers and very quick sales in select areas.
  • Overall months of supply for November was 4 months. Six months is considered normal.  Luxury properties are taking longer with homes above $1 million averaging 14 months and properties over $2 million averaging 33 months to close.   
  • The latest Case-Shiller Index (11/29/16) was up .16% from the previous month. Metro Atlanta home values are up 61% from the recent bottom of March 2012 and up 7.6% from the average index last year.  Increased homes values are building positive equity and getting some sellers back into the market. 
  • Visit HomeServices Lending at HomeServicesLending.com for the latest mortgage rates. The recent Fed hike has driven mortgage rates higher and many buyers are taking action before rates rise further. Our Close On Time Guarantee and Free Second Opinion programs have been very beneficial to our clients!

Click here for a more detailed set of charts including the National Real Estate Market, Metro Atlanta Real Estate Market and Trends for Georgia Real Estate.

 

Information Contained In This Report Is Proprietary And Not To Be Copied Or Reproduced In Any Way Without The Prior Consent
Of Berkshire Hathaway HomeServices Georgia Properties.  Information Is Deemed Reliable But Not Warranted.

October 2016 Real Estate Market Update

11/22/2016

Berkshire Hathaway HomeServices Georgia Properties
Real Estate Advisor – 

We are providing this monthly real estate advisor to keep you informed about the latest trends and issues in the real estate market.  Remember that real estate is local and every market is different.  Contact us to find out the specific details for your local area.  If you know someone else who might be interested in receiving this report or who may benefit from our expertise, please let us know.   Better information helps our clients make better real estate decisions!

The Metro Atlanta real estate market remain active going into the holiday season.  Here is the summary for Metro Atlanta real estate through October 2016. Click here for more detailed slides.

  • Closings for October 2016 were down 14.4% from last month and up 2% from last October. Year-to-date 2016 closings were up 9.2% compared to YTD 2015.  
  • The average sales price for October was $270,000 - down 1% from last month and up 5.4% from last year. The ASP is on track to beat the record levels posted back in 2006.   
  • The listed inventory for October was up 1.9% from last month and down 3.4% from last year. But the limited availability of desirable properties is still driving multiple offers and very quick sales in select areas.
  • Overall months of supply for October was 4.1 months. Six months is considered normal.  Luxury properties are taking longer with homes above $1 million averaging 17 months and properties over $2 million jumping to an average of 55 months to close.   
  • The latest Case-Shiller Index (10/25/16) was up .23% from the previous month. Metro Atlanta home values are up 60% from the recent bottom of March 2012 and up 6% from the average index last year.  Increased homes values are building positive equity and getting some sellers back into the market. 

 

Information Contained In This Report Is Proprietary And Not To Be Copied Or Reproduced In Any Way Without The Prior Consent
Of Berkshire Hathaway HomeServices Georgia Properties.  Information Is Deemed Reliable But Not Warranted.

September 2016 Real Estate Market Update

10/19/2016

Berkshire Hathaway HomeServices Georgia Properties
Real Estate Advisor – October 2016
We are providing this monthly real estate advisor to keep you informed about the latest trends and issues in the real estate market. Remember that real estate is local and every market is different. Contact us to find out the specific details for your local area. If you know someone else who might be interested in receiving this report or who may benefit from our expertise, please let us know. Better information helps our clients make better real estate decisions!

The Metro Atlanta real estate market is still hot as we move into the fall. Here is the summary for Metro Atlanta real estate through September 2016. Click here for more detailed slides.
• Closings for September 2016 were down 18.3% from last month and down .3% from last August. Year-to-date 2016 closings were up 8.7% compared to YTD 2015.
• The average sales price for September was $274,000 - down 4% from last month and up 4.9% from last year. The ASP is on track to beat the record levels posted back in 2006.
• The listed inventory for September was up .4% from last month and down 4.1% from last year. But the limited availability of desirable properties is still driving multiple offers and very quick sales in select areas.
• Overall months of supply for September was 3.9 months. Six months is considered normal. Luxury properties are taking longer with homes above $1 million averaging 18.1 months and properties over $2 million averaging 33.2 months to close.
• The latest Case-Shiller Index (9/27/16) was up .39% from the previous month. Metro Atlanta home values are up 60% from the recent bottom of March 2012 and up 7.21% from the average index last year. Increased homes values are building positive equity and getting some sellers back into the market.

 

Information Contained In This Report Is Proprietary And Not To Be Copied Or Reproduced In Any Way Without The Prior Consent
Of Berkshire Hathaway HomeServices Georgia Properties.  Information Is Deemed Reliable But Not Warranted.

 

August 2016 Real Estate Market Update

9/21/2016

Berkshire Hathaway HomeServices Georgia Properties
Real Estate Advisor – August 2016
We are providing this monthly real estate advisor to keep you informed about the latest trends and issues in the real estate market. Remember that real estate is local and every market is different. Contact us to find out the specific details for your local area. If you know someone else who might be interested in receiving this report or who may benefit from our expertise, please let us know. Better information helps our clients make better real estate decisions!

The Metro Atlanta real estate market is hot as we close the hot summer and move toward fall. Our company continues to lead the market with closed units up 12%. Here is the summary for Metro Atlanta real estate through July 2016. Click here for more detailed slides.
• Closings for July 2016 were down 12% from last month and down 4% from last July. Year-to-date 2016 closings were up 8.5% compared to YTD 2015.
• The average sales price for July was $290,000 which was down 1% from last month and up 2.5% from last year. The ASP is reaching record levels posted back in 2006.
• The listed inventory for July was up 1% from last month and down 4% from last year. But the limited availability of desirable properties is still driving multiple offers and very quick sales in select areas.
• Overall months of supply for July was 3.4 months versus 3 months in June and 3.4 months last July. Six months is considered normal. Luxury properties are taking longer with homes above $1 million averaging 14 months and properties over $2 million averaging 34.8 months to close.
• The latest Case-Shiller Index (7/26/16) was up 1.27% from the previous month. Metro Atlanta home values are up 58% from the recent bottom of March 2012 and up 6% from the average index last year. Increased homes values are building positive equity and getting some sellers back into the market.

 

Information Contained In This Report Is Proprietary And Not To Be Copied Or Reproduced In Any Way Without The Prior Consent
Of Berkshire Hathaway HomeServices Georgia Properties.  Information Is Deemed Reliable But Not Warranted.

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