Atlanta is a seller's housing market, which means that prices tend to be higher and homes sell faster. As the Georgia MLS marketing officer notes, “Atlanta is such a transient city: there are always people who move and need housing. Atlanta is the capital of Georgia, and with a population of around six million in the metropolitan area, it is also the largest city in the state and the largest housing market. Merkerson said a recent seller he represented was initially looking to sell his house in Stockbridge to a local buyer who intended to live there.
Whether you're looking to buy or sell, programming your local market is an important part of real estate investment. While some economic activity will resume as the state gradually reopens, the housing market is expected to remain slow for the next few months until the economy fully opens up. The Atlanta housing market has a housing shortage that will continue to contribute to rising prices. However, Merkerson explained that the buyer struggled to refuse a corporate investor's quick, cash offer.
Leaving aside the short-term effects of Covid-19 that is expected to end, the Atlanta housing market is strong Two key methods that real estate investors use to predict potential demand for rental properties in a specific market are to review historical price changes and the affordability of housing in the metropolitan area. Ideally, a buyer would prefer a ratio of sale price to list price close to 90%, while a seller would always prefer scenarios that could yield a ratio of 100% or greater. Researchers ranked Atlanta as the fifth most expensive housing market in the country, a serious blow to potential homebuyers in the city. The decline in the number of active listings indicates that new sellers are not yet willing to put their homes on the market until the pandemic or its threat has completely ended.
Although home prices are quite high, this neighborhood is currently a buyer's market and this is the right time to invest in a property. Not only is it limited to Atlanta or Georgia, but you can also invest in some of the best real estate markets in the United States.