The real estate market in Atlanta has hit a low point in available inventory–so is it a good time to buy or sell in the region? The Decatur local movers have found that the existing supply of homes priced under $250,000 is just under a four month supply, down from six-seven months a year ago. In higher price ranges, there are only five-seven months of inventory available, down from 11 months supply a year ago. While prices are still lower than they were at the market peak in 2007, houses that are well priced are selling at a rapid rate and interested buyers need to act fast if they wish to purchase here.
A concern is that the rising prices and dropping inventory could put the local real estate market to a stall. Appraisers are stuck with either keeping prices low and desirable or growing the listing prices to exacerbate bidding wars. Working with a realtor can also be an easy way to find the “right” price to list if you are a seller, because they can use comparative data from homes similar to yours.