Are you moving to Atlanta and are wondering what the Atlanta real estate market is like now? 2021 and 2022 were crazy real estate markets. Watch this video to get an update about the Atlanta housing market in January 2023. Stick around to the end of the video to see Parker’s projections for what the rest of the year will look like.
Buying a house in Atlanta? In this video Parker answers a real viewer’s questions about buying a house for the first time in Atlanta. A first time home buyer is under contract and wants to know if he is making the right decision. Parker talks about buyers remorse, how the Atlanta housing market is doing right now, interest rates, and what it is like going through the home buying process for a first time home buyer in Atlanta. #firsttimehomebuyerAtlanta
Rates are skyrocketing, prices are going down. Is the Atlanta Housing Market going to crash in 2022? Is this the worst time to buy a house, or could it be the best time? Watch this video to find out if now you missed your opportunity to buy a home or if now could be the perfect time to buy.
Are you moving to Atlanta and want to buy a home? Are you worried about recent rate hikes? Watch this video about the Atlanta Housing Market and find out why now may be a great time to buy.
BUYING A HOUSE IN ATLANTA? ATLANTA HOUSING MARKET 2021 – ATLANTA REAL ESTATE NEWS SUMMER 2021
Hey, this is Parker, your favorite Atlanta REALTOR, and I’m back with a quick update on the Atlanta housing market for August 2021. Let’s get going! Things are really starting to settle down here – there’s more inventory coming on to the market, and I expect to see more as we get into the fall, and people settle into their normal routines. I’ve got a couple of listings coming up – things are looking pretty good!
Buyer demand has also dropped in the last two months. It’s fairly normal for demand to fall in Atlanta during the summer, but what I think more importantly has happened, is that all of that excess demand – sort of the panic buying caused by Covid – has just kind of fizzled out. Houses are staying on the market longer, with fewer multiple offer situations, and a lot of the houses my team members have sold recently have just gotten one single offer. One good offer is all you need!
I’m also detecting some buyer pushback after the big run up in prices. You know, buyers have access to all of the pricing information, and if they go onto a listing, and they see that – okay, the owner just bought this house in 2019, and now it’s on the market for $250,000 more than they paid for it less than two years ago, it kind of leaves a bad taste in their mouth, and frankly, if buyers look at a house, and it the pricing just looks opportunistic, kind of like make me move type pricing, they just won’t even bother to look at it.
I’m also detecting a very slight downward price correction. We’ll obviously have to wait a couple of months to see what the true numbers are, but it feels like that’s what’s happening. If you’re in the under $300,000 first time home buyer bracket, you’re really still facing some challenges in the Atlanta market, especially if you want to live in town or somewhere inside the perimeter. But, it’s not nearly as desperate as it was just four months ago. Once you get into the $500,000 plus bracket, things are a lot more normal. Houses are sitting on the market, fewer multiple offer situations. Sometimes as I said – just a single offer to sell the house. It’s a much more normal market pace, and frankly, it’s a lot more pleasurable to work like this!
So, what does this all mean if you’re a buyer? To sum it all up: it means you have more choices and there’s less pressure to make a snap decision on a house. It’s not like you’re walking into a house thinking oh there’s 20 other people that are trying to get this house how am i going to get it? It’s a much calmer pace in the market and frankly it works better for all parties concerned, especially if you’re a buyer. So again, if you’re interested in moving to Atlanta, please look in the box down below get my phone number send me an email I’d love to talk to you thanks!