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Finally Atlanta Home Sales are Up!

Interested in Atlanta real estate trends?  The most recent Atlanta metro area statistics were just released today  from our primary MLs system First Multiple Listing service.  In October  2009 there were 4,532 closings for all single family.  This is good news for Atlanta homes sales to have a 10.3% increase over October 2008.  There were also 741 attached units (Condos and town homes) sold in October 2009 a full 24.3% over October 2008 and the strongest year-to-year percentage increase since March 2006.  October should be the strongest closing month in 2009 for single family attached.  In single family deteached homes in Atlanta, we closed 3,791 Atlanta homes in October 2009. This was an increase of 7.9% over October 2008.

Atlanta home sales

In the coming days I will try to break down these numbers more to give you the full impact of the numbers and statistics.  They were just released this evening.

Jim Crawford REMAX

RE/MAX Paramount Properties  678-595-5283 Direct

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Comments

JIm

These are encouraging numbers for Atlanta. This is quite positive though I am sure we all have some way to go.

Posted by LLoyd Nichols~SW Florida Homes (Premier Sandals Realty) over 2 years ago

LLoyd Nichols~SW Florida Homes (Right Choice Realty LLC)  It is still encouraging. I am going over the numbers tonight and going back to the same time frame to reference prices, numbers sold, price trends etc.  So far there is some good news and some bad news.  yes there are more sales, but at much lower prices.  The other thing we have to consider is that many of the buyers thought the 8K credit was going to disappear!  I'm sure that had a big impact on our sales numbers.

Posted by Jim Crawford ~ Atlanta Real Estate-ABR E-PRO (RE/MAX Paramount Properties) over 2 years ago

Jim, That is a step in the right direction, but I bet you're right, at least part of it is due to the tax credit.

Business went flat after Novemeber 1 for me, but it's picking up the last few days with people who didn't act in time who are now getting off the fence. My expectations are lower for the second phase of the tax credit, but I could be wrong.

 

Posted by Rich Cederberg- Albuquerque Real Estate Agent (Venture Realty Group) over 2 years ago

I am understanding it has flattened for a lot of folks in different markets.  I do not know what is going on since the mortgage rates are absolutely incredible!

Posted by Jim Crawford ~ Atlanta Real Estate-ABR E-PRO (RE/MAX Paramount Properties) over 2 years ago

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