According to recent reports, home prices are up in Atlanta, signaling potentially good things for the local economy. The theory is that people are gearing up to sell, and buy, in the Atlanta area. Home prices have gone up in Cabbagetown and Edgewood, and midtown prices are up about 4 percent. In addition, inventory levels have dropped. New construction is happening again in spurts–such as a development of almost 60 townhomes near the beltway. Decatur prices are up 9%.

The Atlanta movers have found that there’s been almost 5% in home price increases throughout the US, the largest in 8 years. There are still a few months left to the year, and we are anxious to see what turn the real estate market takes as the next few months roll by.