Is Atlanta in a Buyer’s or Seller’s Market?

Selling your home? Get a home valuation. | Buying a home? Search the local MLS.

The first question people ask me when they find out I’m a real estate agent is, “How is the real estate market doing?”

Right now, we are in a seller’s market. A seller’s market has less than six months of housing inventory on the market. Basically, if no new homes came on the market, all of the homes that are currently listed would sell in less than six months. If it would take more than six months, that would be a buyer’s market.

We are in a very strong seller’s market, as we only have about two months of inventory available right now.

However, buyers shouldn’t be discouraged. Although you may run into a few multiple offer situations in higher price points, interest rates are still extremely low. What does that mean to you as a buyer?

We only have two months of inventory on the market!

My wife and I bought a house about a year ago, and rates today are a full point lower than they were back then. By buying a $250,000 house today, you will save up to $120 a month on your mortgage payments. If you buy a $400,000 house, you will save $260 a month on your mortgage payments.

Although home prices are a bit higher because we are in a seller’s market, buyers can still save money in the long run by locking in a historically low interest rate.

Ultimately, even though we are in a seller’s market, now is still a great time to buy. If you have any other questions about our current market, just give me a call or send me an email. I would be happy to help you!