Atlanta and the surrounding areas of Sandy Springs and Roswell were recently ranked among the top cities in the country for new home sales according to CoreLogic’s evaluation of public record deeds and data from the Census Bureau. Ranked third overall, Atlanta’s new home sales are up 10 percent from the previous year. Additionally, Atlanta’s new home sales are around 13 percent of the total new home sales, which is well above the national average of about 8 percent.

And Atlanta is in good company; eight of the 10 fastest growing new home sales markets are in the South, with Nashville, Tennessee and Jacksonville, Florida claiming the first and fourth spots, respectively. Markets in Texas, North Carolina and South Carolina comprise the top three spots of cities with the largest percentage of new homes sold compared to total sales.

Around the country, new home sales are up 3 percent to 441,000 from a year ago. While this is still below the 660,000 annual averages of the last 50 years, the South’s continued growth is projected to increase the national new home sales activity in the future, as stated in the CoreLogic analysis.

The sale of new homes in the Atlanta area is also expected to rise due to the decline in sales of foreclosed and other distressed homes. In addition, Peoples Home Equity added that it believes the trend of increased new homes sales will continue as more Atlantans are able rebuild their credit and save larger amounts of money for down payments.

If you’re considering purchasing your new home in Atlanta, the strong market conditions and low interest rates make now a great time to buy. For more information on Atlanta new homes, click here.

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