Atlanta new home inventory is at a near all time low. In fact all new home and resale inventory is extremely low. How low? Well Steve Mapes, Chief Business Development Officer with FMLS says that inventory is down from 17,703 listings in July 2020 compared to 12,309 in 2021. This is down more than 30% year over year. If we broaden our timeline[...]
There is no housing bubble in Atlanta, according to MarketNsight Founder and Principal John Hunt. Historically low home inventory will take 10 years to reach normal levels as the market is short 92,000 homes on an annualized basis. Housing analysis firm MarketNsight recently held its biannual MarketWatch Atlanta event where Hunt gave a market update and his predictions for the[...]
Current real estate market conditions such as low prices and low interest rates have been enticing more and more buyers to purchase new homes. However, because more people are buying and builders are constructing new homes at a slower pace, new home inventory is reaching an all-time low. Our condos in Midtown are no exception; with over 70 percent of[...]