The market for single family homes in Intown Atlanta continues to thrive!
In 2017 the sale of homes priced from $600,000 to $1 million set new records: 551 homes sold in 2017, an increase of 13% over 2016. Buyer demand far outstripped the number of homes for sale. Inventory dropped 16% in 2017 compared to 2016. And with an average listing time of just 37 days before properties went under contract, buyers had to move quickly when a new listing hit the market.
2017 MARKET STATS
551 Residences Sold: Up 13%
$735,000 Median Price: No Change
37 Days Time on Market: Down 18%
3.17 Months Inventory: Down 16%
2018 Outlook
The vibrant Intown lifestyle is drawing everyone from international professionals to empty-nesters and growing families. The Intown area offers so many choices for discerning buyers, from classic estates in Ansley Park to amazing craftsman-style homes in Midtown. We believe that the higher-end Atlanta real estate market will remain competitive for buyers and sellers over the next year and probably beyond.
If you will be buying or selling a property in 2018, please contact us to discuss your opportunities in today’s market.