Ever since the housing crisis, homes have stood empty, waiting for prospective buyers, across metro Atlanta. However, a recent study shows that there is a light at the end of the tunnel for the Atlanta housing industry.

According to data from Realtor.com, the national housing market is continuing to stabilize for 146 U.S. metro area, including Atlanta. In May, Atlanta was ranked among the top 10 metros with year-over-year percentage drops in for-sale inventory.

Atlanta ranked number nine with a -39.19 percent change in for-sale inventory in May 2012 compared to May 2011. Home to the world famous Georgia Aquarium, the Atlanta Braves and the World of Coca-Cola, Atlanta has an average home listing price of $169,900 with only 47,000 home listings. Atlanta, along with other metros in Florida, Arizona and California, were hit hardest during the housing crisis, but they are all showing consistent, month-by-month turnaround according to Realtor.com.

As of May, national for-sale inventory stood at 1.88 million units, which was 60 percent of the2007 inventory peak of 3.1 million units in September. In addition, despite a small 1.96 percent month-over-month increase in national inventory due to the springtime buying season, all but two of the 146 metros had fewer homes for sale than a year ago.

For more information on the Atlanta market and Atlanta new homes, be sure to explore our site.

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