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Moving to Atlanta? Real Estate Remains Steady

While it might not be the best market, it’s certainly improving and still shines in comparison to other markets. Recently, the Atlanta Board of Realtors released a report on the area housing data which shared a few key points about the Atlanta real estate market, such as:

-The amount of available homes on the market is about a five-month supply, which is a little lower than is preferred. A healthy market has about a six-month supply of homes for sale.

-Homes are moving very quickly. With constricted inventory, the homes that are available are moving very quickly and are also seeing multiple bidders simultaneously.

-The real surge in popularity is in the core Atlanta metro. People moving to Atlanta want to be in the middle of the action, choosing Cobb, Fulton, DeKalb, and Gwinnett counties as their ideal places to buy a home.

-Suburban outlying areas are seeing momentum and action, but not as much as the central Atlanta counties.

Aside from the real estate news regarding metro Atlanta, there is some positive news on the employment figures as well. According to reports, employers in the metro Atlanta area are hiring quickly and efficiently, and the fourth quarter of 2014 should only continue to show improvements. Specifically, 22 percent of companies interviewed in the Manpower Employment Outlook Survey shared that they plan to hire more employees, and only 3 percent planned to cut jobs.

Job prospects appear best in manufacturing, transportation/utilities, wholesale/retail trade, financial activities, professional/business services, education/health services, leisure/hospitality and government.

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