For the seventh month in a row, January’s figures saw residential property sales rise, according to a RE/MAX housing report. In comparison to early 2010, real estate sales are now 3.4% higher.
Along with the sales rising, there is noticeably less inventory, as new construction has remained stalled in places like Atlanta. If the trends continue with sales picking back up, it’s quite possible that we could see home prices begin to rise again. The Atlanta movers are excited to share that Atlanta was among the areas that saw the highest jump in sales, with sales up 26.3%.
Hopefully soon we will see new construction pick up, so that not only will there be more housing available to balance supply & demand, but to also offer work to contractors, builders, architects and other careers that were negatively impacted by the collapse of the real estate market.