Home > Blogs > Georgia > Fulton County > Atlanta > Metro Atlanta Real Estate Market Report:  February 2013
22,060 views

Chad Schernikau's Blog

By Chad Schernikau | Agent in Smyrna, GA

Metro Atlanta Real Estate Market Report: February 2013

Atlanta Real EstateMarch 2013 Atlanta Real Estate Market Report shows a unique market. For many years we have been experiencing a huge inventory of unsold homes, and now we are in desperate need to get more homes on the market. In February 2011 there were 16,785 properties for sale. In February 2012 there were 10,042 properties. This is a significant drop in available properties and is causing a shortage of quality properties for buyer to choose from.

A Good Example: I was with a client who is looking for home between $100 -$140,000. She wanted to look in the Kennesaw Mountain highschool area. Given her price point, there were only 10 homes for her to choose from. Compare this to a year ago when she could of had 30-40 homes to choose from.

Atlanta Real Estate Market Report Statistics for February 2012 compared to February 2013
  • Inventory is (-40.2) lower than last year at this time
  • The number of homes that are pending (under contract) Has increased substancially (+12.3 percentage points) – Market pace increased likely due to
    much lower supply for both distressed and non-distressed properties
  • Foreclosures are down (-5 percentage points) from February 2012
  • The median sales price in substantially (+28.1%) higher than February 2012, continuing a trend of higher prices
  • The days-on-market are lower (-30.0%) than February 2012 due to lower supply and higher demand
The Big Picture

The market has improved a lot over the last year. The banks are still holding inventory and my guess is that they will continue to release at a pace that will not saturate the market. The market is going into the peak season for buying and selling homes (April - August). During this time, we will be able to get a good picture of the strength of the real estate market and to see if the numbers keep improving. The next few months will tell us a lot about where we are.

Click on icon above for Atlanta Real Estate Market Report

Previous Metro Atlanta Real Estate Market Reports

February 2013 Market Report
January 2013 Market Report
December 2012 Market Report

Chad Schernikau – Metro Atlanta Realtor®

Selling a Metro Atlanta home involves many steps and having an experienced Metro Atlanta Real Estate Agent by your side makes the transaction much smoother.
It is my honor to represent you as a Metro Atlanta Real Estate Professional! I assist buyers and sellers in the Metro Atlanta Area with all aspects of the real estate process including the purchasing and selling of residential real estate.

As a Metro Atlanta Buyer’s Agent, I have received special training to guide and educate you through the entire home buying process. From start to finish, I listen to your needs and desires regarding what you would like and I use this information to assist you in finding your perfect home.

Search All Cherokee County GA Homes For Sale
Search All Cobb County GA Homes for Sale
Search All Fulton County Homes for Sale

As your Metro Atlanta listing agent I am well versed on the local Metro Atlanta Real Estate Market. Expect personalized service including a detailed consultation that competitively positions your home in today’s market. The consultation will include an in depth comparative market analysis, advice on staging, and a customized marketing plan. This is all tailored specifically to your home and area using the latest and most up-to-date marketing methods to get your home in front of as many buyers as possible.

Being a Metro Atlanta Real Estate Agent not only involves finding your home or selling your home, but also being your guide, negotiator, advisor, and advocate. I make sure all your needs and goals are met.

“Helping Families Find Their Way Home!”

Metro Atlanta GA Realtor®

Chad Schernikau
Your Personal Real Estate Consultant
Total Atlanta Realty
Direct: 678.570.8123
Fax: 678.302.0839
E-mail: chad@totalatlantarealty.com

 

POST
 
Copyright © 2014 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer