Below are a list of graphs showing current trends in the Intown Atlanta and Buckhead real estate market. These stats can vary dramatically from one area of the city to another. To check your area, visit our Atlanta Zip Code Guide, click on your zip code and scroll down to the chart for that zip code. Check back often, the charts are continually updated. If you need any help making heads or tails of these charts, feel free to contact us. Also, be sure to visit our blog to read articles about market conditions.
Median means the midpoint, so half of homes are listed above this price and half are below. The takeaway is the trend displayed in the graph. A downward trend means that sellers are dropping their prices, indicating a softening market. If the median price is trending down, it may take longer to sell a home, giving buyers more bargaining power. If the median price is trending up, homes may sell faster, giving sellers the advantage.
Inventory is the number of properties for sale in a real estate market. When inventory rises, buyers have more to choose from, so homes may take longer to sell and sellers may have to be more flexible on their prices. When the inventory declines, you may see prices rise and homes may sell faster.
Just like it sounds: The average number days it takes for a house to sell, from the time it’s listed until it goes under contract.
As a measure of real estate supply versus demand, this index shows if the market is trending hotter or colder. A value above 30 indicates a “hot” or “seller’s market, while below that mark indicates a is a “cold” or “buyer’s market.” This can be leading indicator for prices.
Are you a stats junkie? Need more numbers? Glutton for punishment?
Check out the following reports: