Some Positive Signs in the Atlanta Housing Market

Real estate stats for the 4th quarter of 2009 are in, and there are some positive signs for the first time in what seems like quite a while! The year finished on a strong note as the number of homes that sold in the 4th quarter of 2009 were up 14% from the 4th quarter of 2008. While all but the two highest price ranges experienced improvement from 4th quarter 2008, the biggest improvements were seen under $299 - with an increase in solds of 22%.

A positive outcome that is the result of increased sales is the decrease in standing inventory. Inventory is still around 10 months, which means that it is still a buyer's market. However, inventory is come down drastically from the high point of 18 months in October of 2008.

The last thing to point out is that the median price in the last quarter of 2009 was higher than the median price for the last quarter of 2008. However, the median sales price for the full year of 2009 was down 12.5% than the previous year.

It seems that there have been some positive developments in the Atlanta real estate market over the past few months. I will continue to monitor the local markets and will keep you up to date on all the pertinent information. Please feel free to contact me if you want some more detailed statistics.

Justin Landis
Keller Williams Realty Peachtree Road
cell 404.803.0471 fax 404.704.0686
justin.landis@kw.com
www.justinatlantahomes.com
justinatlantahomes.blogspot.com