The Intown real estate market is the hottest in Atlanta!
In 2017, Intown townhomes and condos priced from $600,000 to $1 million were listed for just 65 days before going under contract and sold for a median price of $667,500. Time on market dropped 10% compared to 2016. The average monthly inventory of 10.25 months is unusually high because of new 60+ properties in new condo buildings put on the for pre-sales.
2017 MARKET STATS
112 Homes Sold: Down 7%
$667,500 Median Price: Down 7%
65 Days Time on Market: Down 10%
10.25 Months Inventory: Up 240%
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. I 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.