The Intown real estate market is the hottest in Atlanta!
2017 was a banner year for the sale of condos and townhomes in Intown Atlanta, with a record breaking increase of 29% over 2016. In 2017, Intown condos and townhomes priced from $300,000 to $600,000 were listed for just 35 days before going under contract. The monthly inventory of 2.17 months for condos and townhomes is at a record low. Buyers had to move quickly when a new listing came on the market and many homes sold with multiple offers.
2017 MARKET STATS
819 Homes Sold: Up 29%
$389,900 Median Price: Down 1%
35 Days Time on Market: Down 10%
2.17 Months Inventory: Down 10%
2018 Outlook
The vibrant Intown lifestyle is drawing everyone from international professionals to empty-nesters and growing families. From the neighborhood feel of Midtown, to the hip condos in Downtown, to the luxurious estates of Buckhead, the Intown area offers choices for buyers in all price points.
With amazingly low interest rates, increased job growth, and more people moving to Intown Atlanta, the local real estate market should stay red hot for many months to come. We expect buyer demand to remain steady or even increase in 2018. Inventory will remain constrained and very likely, prices will increase.
If you will be buying or selling a property in 2018, please contact us to discuss your opportunities in today’s market.