Discover Atlanta's Real Estate Trends | May 2024 Update with Bru Krebs

⭐⭐ Discover Atlanta's Real Estate Trends | May 2024 Update with Bru Krebs
The Atlanta real estate market is undergoing significant changes! Tune in to get the latest insights:
🏡 Market Shift: We're transitioning from a seller's market to a balanced market, with potential movement towards a buyer's market due to increasing inventory and longer time on the market for homes.
📈 Inventory Increase: Inventory levels have risen sharply, now at 3.81 months' worth of inventory-a 7.63% increase month-over-month and 64% year-over-year.
💲 Home Prices and Sales: The median sales price in Atlanta is up slightly to $437,000, with properties holding their value well. The list-to-sale price ratio remains strong at 98.5%.
⏳ Market Dynamics: Homes are taking longer to sell, impacting the median days on market, which remains low at 20 days despite some properties sitting unsold for longer periods.
🏘️ Neighborhood Specifics: Market conditions vary by neighborhood. For detailed and specific data, contact Bru Krebs directly!
Stay informed and make the right decisions for your real estate needs. Don't forget to like, comment, and subscribe for more updates! 📊🏠
🌟 I’m Bru Krebs, your go-to REALTOR® with Berkshire Hathaway HomeServices Georgia Properties, unveiling the most recent trends and insights. Whether you're an experienced seller or exploring the real estate world, dive in for unparalleled insights into Months' Supply of Inventory, List Sold Price Percentages, and more key metrics!
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