S&P/Case Shiller recently reported that home price gains have lowered throughout the US. The annual gains for the 10-city and 20-city composites were 10.8 percent, which was a drop from the previous months. In metro Atlanta, however, the opposite was reported. Thanks to investors looking to purchase homes to rent out, the price gains in Atlanta and the sales growth overall have been trending in the southern city.
Interested in moving to Atlanta? There are a lot of competing sellers and buyers in the area, and it has proven to be a tough task for many looking to purchase property in Atlanta.
It is likely that the market will become increasingly competitive for buyers, which will then slow the market overall. As less inventory is available, less inventory can be moved. This is all normal though, and the more stable the market is, the more likely it is to slow down and hit a balance. The market has been strengthening not only in Atlanta, but in the entire state of Georgia. In fact, the median price for selling a home in Georgia has gone up nearly 40 percent in the past year.