Atlanta Absorption Rates Atlanta Homes - Atlanta Real Estate Inventory Single Family Detached Homes July 2008. I've been looking at the new Atlanta real estate data that was just released today for Atlanta homes (Detached - Single Family Homes) and noticed a very interesting trend. Since Atlanta single family homes inventory levels are at all time highs, and Atlanta homes sales are dropping, it is interesting to see the trends that are emerging. It seems that once homes go over 250K in price that the time on the market grows substantially. The average time to sell a home in relationship to the available inventory is a basic one of supply versus demand. Once we go over 250K the months of inventory rises dramatically and starts at 18.7 months of inventory for homes between 250K and 299K. Atlanta homes over 750K it grows even more substantially to over 45.1 months of inventory available before all listed Atlanta homes in various price ranges can be absorbed. If sales of Atlanta homes stall further, and inventory grows...these absorption times will increase even more so.
RE/MAX Paramount Properties 678-595-5283 Direct
Or 888-940-0074 Toll Free Office
Atlanta Real Estate Agents, Alpharetta GA Homes for Sale, Dunwoody GA Homes for Sale, Atlanta Real Estate & Atlanta Homes for Sale 
Gwinnett Homes for Sale
Atlanta Real Estate Blog, Cumming GA Homes 
Jim...
I went to list a $600K home in Buford this week because the owner said he would take 80% of MARKET value. On the way back, he called and said he needed $50K more, and I dropped the listing before it happened. Your statistics confirm my decision.
Richard Weisser, Associate Broker, E-Pro ERA United Realty, Auctioneer, CE Author (Coweta Fayette Real Estate, Inc. ERA United Realty) I came across a better chart that is done in FMLS that was published yesterday. It confirms sales in Atlanta of single family detached homes are lower than any point in the last 8 years in July. We are lower in sales than July 2000. You did right! We also turn down a listing this week, where the seller started dictating what they wanted. NEXT!
Hi Jim, this is a trend in many urban markets. We are the second largest city in Michigan and still nothing compared to Atlanta...but the absorption rate is very high and the DOM is extending a bit. If the property is not priced competitively your client is going to be on the market a long time. Nice post Jim.
Gary White~ Grand Rapids Real Estate, FLexIt Realty, a call or click away! (Flexit Realty~Serving West Michigan) I agree. I think one of the biggest problems is unexperienced agents thinking this is business as usual. It isn't. Pricing is key to a sale, not staging, brochures, nor even Blogging.