The hopes of Spring real estate sales may have come true in some areas of the country–but for Atlanta, home prices are still falling and recovery seems light years away. The Georgia metro joins the ranks of Detroit and Chicago as areas seemingly immune to the real estate recovery taking place throughout the nation.
However, low pricing isn’t necessarily a total bad thing–one Atlanta realtor reported that the backlog of homes on the market has decreased dramatically, and that sales are steady. In fact, this realtor signed 42 home contracts in year, a drastic improvement from the 25 total he signed last year. The Atlanta movers hope the early successes of the year strengthen the market here in the city and contribute to the rise of home values before the year’s end.