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Atlanta Homes for Sale | Rising Home Inventory Atlanta | Atlanta Real Estate Update

Atlanta homes for sale Active listings.  Home in ventory is rising rapidly in Atlanta, and at this pace we will exceed last years numbers which stopped at just below 89000 active Atlanta MLS listings!  It is a great time to look for Atlanta homes for sale!  As of today there are now Active - 86400 Atlanta Properties Found in our primary First Multiple Listing Service FMLS.  and in GAMLS there are 85350 in Single Family / Condo - Townhouse.  There are 114386 Active in All Classes in GAMLS!  This is a very high Active listing number for this time of year, and represents an increase of 2000 +/- new listings in the last 2 weeks in the Atlanta Multiple listing.  Our biggest jump in listings in the Atlanta market are normally after Easter to coincide wiht early school dismissal in May.  This year Easter fell early and there were other factors to consider.  The Atlanta market has several other issues:

  • Major loan fraud.  # 6 in nation.
  • Declining home sales - February 2008 home sales dropped 38.8%
  • Major new home competition.
  • Long commute times and rising gas prices.
  • A very large percentage of sub-prime borrowers.
  • An extremely high foreclosure rate of over 7000 new foreclosures each month.
  • Sluggish growth.

So this is a perfect storm so to speak of with rising inventory due to declining home sales, a hugh unsold new home inventory and foreclosures.

Jim Crawford

 

 

 

 

Atlanta Homes for Sale

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James Crawford ABR, Broker Associate

 

 

 

 

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Comment balloon 2 commentsJim Crawford • March 28 2008 11:31AM

Comments

Jim, as a perfect storm in Atlanta, it is a buyers dream, if they buy at the right price and stay in their home for awhile. Last time I was in Atlanta I saw that 100,000+ listings on a sign and couldn't believe it. That is SO much inventory! Good luck with your area.

Posted by Gary Woltal, Assoc. Broker Realtor SFR Dallas Ft. Worth (Keller Williams Realty) over 10 years ago
Gary Woltal - REALTOR® Dallas Ft. Worth   You're right!  It is a buyer's dream right now!  Lots to choose from, great rates, and the home sellers are willing to work with you!
Posted by Jim Crawford, Jim Crawford Atlanta Best Listing Agents & REALTOR (Crye-Leike REALTORS®) over 10 years ago

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