There are many great Atlanta area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (404) 564-7272 for a FREE home buying or selling consultation to answer any of your real estate questions.
Your Home's Value Is Rising - But for How Much Longer?
Have you been wondering what's going on with the market in Atlanta right now? Today, we're going to answer just that.
Currently, we are in a seller's market. If you haven't gotten a home evaluation in the last few years, now may be the time! If you were under water, or were underwhelmed by your home's equity, when you last checked, you may be surprised by how much your home is now worth.
We've come a long way since the lows of the downturn several years ago. Home values have been steadily increasing each month, and the latest data shows that metro Atlanta prices have risen 13.8% over the last year. Although neighborhoods have appreciated at different rates, the city is nearly at October of 2008 levels. Things are much better, but we still have a bit more recovering to do. Mortgage rates have fallen for the second consecutive month and 30-year fixed-rate mortgages are around 4% at the moment. However, we've ran into homeowners who are hesitant to sell their home in the winter. What they don't realize is there are many advantages to selling during this time. There is less inventory on the market, less competition, and homes show well with holiday decorations. Additionally, because many of the buyers during this period are relocation buyers who are in a hurry, you will be dealing with serious buyers.
If you're looking to buy, winter is also a great time to start your search. There aren't as many buyers out there looking for homes, so you won't have to worry about running into as many multiple offer situations as you would in the spring. If you find a home you like, you can secure a low rate and move in during the spring when the weather is nicer.
If you have any questions about our market, or are interested in buying or selling in the winter months, please give us a call or shoot us an email. We would love to assist you with all of your real estate needs!
