Metro Atlanta Real Estate Blog

Atlanta Real Estate Market Trends | December 2014

A bar graph showing median real estate sale prices and days to contract for the past 13 months.

Median Home Prices In Metro Atlanta Up 12.9% YOY

Sale prices for Metro Atlanta residential properties in November were up nearly 13% compared to November 2013. This massive jump in prices is a continuance of the price appreciation trend that started in late 2012. Despite a winter “cool down” in prices from the 5-year high experienced this past June, median sale prices have remained constant the past three months and appear poised to increase again in 2015.

Market Signals From November

November’s numbers show positive signs for metrics such as: closed sales, new pending sales, median & average sold prices, price per sq/ft and foreclosure inventory. We have experienced a trend of increasing inventory and days on market, which could mean the supply of homes for sale will continue to grow. The increase in supply in conjunction with a dropping sale price to original list price ratio may mean less of a seller’s market as we move into 2015.

Positive Outlook Moving Forward

With mortgage rates remaining low, strong stock market gains and dropping unemployment numbers, all signs point to a strengthening real estate market and overall economy moving forward.

Average Price Per Sq/Ft & Avg Sale Price Comparison

A graph showing increases in home sale prices and price per square foot over the past 13 months....

Dwellr App Review & Demo (Video)

Dwellr app welcome screen on white iPhone in front of city background.

Need Help Determining Where To Live?

In the big scheme of things, living in the right location can have a huge impact on your quality of life. So the question is, where should YOU live? Things like jobs & salary, social groups, potential life partners and living conditions will likely determine how happy you are in the place you call home. Identifying these key factors upfront could help make your next move a successful one. So, if you’re not happy with where you’re currently living, the Dwellr app from the US Census Bureau may be able to help.

Using Dwellr To Determine Your Ideal City

The app is free to download and it only takes a few minutes to set up your profile (see video below). Based on your answers to 11 qualifying questions, you’ll be provided with up to 25 cities that match your lifestyle wants and needs. You can see basic information about each matching city and determine if it may fit your needs (on paper). Check out my video below for more information on setting up your account and how Dwellr works.

(Video) Setting Up Your Account & Viewing Matches