It is hard to believe that the Atlanta real estate inventory in could still be rising. It's sad, but it is true! in our First Multiple Listing Service FMLS tonight, there were Active - 87921 Properties Found. Since we utilize 2 Multiple listing Services in Atlanta, the Georgia Multiple Listing Service GAMLS is reporting 117287 Active listings. In the latest month for statistics August 2007, there were 5,129 closings for Atlanta single family homes in August. A decline of 34.6% from the same month a year ago. This should be the percentage decline on record (since 1996). The single family homes close are comprised of Single family detached, and attached which are town homes, and condo class homes. On the single family detached closed 4,343 units in August or a decline of 34.6% from the same year ago period August 2006 with 6,662 sales. Condos and Town-homes closed 785 units or a decline of 33.7% from August 2006. There were also 7,181 expired listings in August. This was 19 more than Last December's all-time record and 2,100 more than August 2006. The number of withdrawn listings are also rising to record levels. Single family detached and condos & town-homes broke the record in August for most withdrawn listings for a given period. Single family detached had 3,196 withdrawn listings in August and Condos and town-homes had 546 withdrawn listings in August.
The scenario is odd at this time of the year, because once school is in session in the Atlanta area, is that in a normal market the homes for sale in Atlanta will dwindle, The lowest number of Atlanta homes for sale usually takes place in the winter months between Thanksgiving, and mid January are normally the lowest points of home inventory. Last winter the homes for sale never really backed off their inventory levels. They just kept rising, ans now it is compounded by the number of sales dropping.
This information was compiled from FMLS and GAMLS. Inforamtion is Deemed Accurate but not Warranted.
RE/MAX Paramount Properties 678-595-5286 Direct
Or 888-940-0074 Toll Free Office
Atlanta Real Estate & Atlanta Homes for Sale 
How lucky can you be with all of the new inventory to sell. A Real, real estate agents dream com true. The best time to sell is when prices are down and more inventory to show. Get busy and tell your agents they are in one of the best markets they will ever see.
Don
Jim:
All the homes available are sending buyers into sensory overload! So many to see. So much to take in.
Inexperienced agents listing homes 10%+ above markets in certain neighborhoods. Other neighbors believing that they can get just as much (if not more) and want to list for so...they will not listen to reason and facts.
Buyers getting into homes with no "skin in the game" and the concept of true ownership doesn't really seem real. Paying their cars. Paying their plastic. Not paying for their house! Walking away from their homes and causing even more harm to neighborhood values.
The only thing that seems to be keep going up besides the inventory is the number of agents still coming into the business. They are learning some really bad habits too.
Jim:
Everytime I open those little real estate books down here...I see faces staring back at me that weren't there the month before. It would be impossible to keep up with something like that up your way...I am sure. But down here in this small town you can. I just keep seeing more and more agents coming into the business and I am not sure why.
George T was telling me that the 80/20 rule is becoming a thing of the past and that experts say that it is more like 95/5 now (or will be very soon). Just makes me wonder how many of them plan to make a living....much less a good one.
Jim - I must tell you - this summer I was in East Cobb County with my son for baseball tournaments. During our travels to different fields we noticed neighborhood upon neighborhood with home for sale. Upon further inspecting these homes the prices absolutely floored me. You can buy a mansion there for $700,000. A comparable house in my market, DC / Baltimore, would be well over a million dollars.
For anyone out there looking to relocate, take a look at the greater Atlanta area a get big bang for your buck. And give Jim a call to show you properties......
Lewis Poretz Thank you so much! You really do get alot of home for the money here! I also lived in the DC area for many years. I was just in the Silver Spring area 2 weeks ago, and currently have a brokers license in VA. A 700K home here is like a 1.5 million dollar home in Maryladn or Virginia. Yake a look at what your money cna buy in the best area of Atlanta. There are great buys all around town!