When is the Best Time to Put Your House on The Market in Metro Atlanta? Now I say!

Written by Posted On Saturday, 21 February 2015 12:48

There are many questions that a homeowner might have when they get the itch to move. I can guarantee that the question that is keeping them up at night is whether or not it's the right time to put their home on the market. Thanks to current market trends and basic Realtor knowledge we can help you put that worry to rest. 

{Click Here to Find Out What Your Home is Worth in Today's Market}

The Metro Atlanta Real Estate Market Facts

There are some people who like numbers and some who can't take staring at one more decimal. These facts are for the math enthusiasts of the world...you know who you are!

According to the recent Metro Atlanta Case-Shiller Index Report for February 2015, in Metro Atlanta: 

  • Home sales are up 44%. Over 80,000 homes sold last year, up from 60,000 homes in 2010. 

  • 74% of transactions are in the $100,000 to $500,000 range. 

  • Home inventory is up 27.5% from the bottom of February 2013. 

  • The current months of inventory is 6.7 months, vs 5.9 last month. (Six months is considered a normal market). 

  • Average Sales Prices are up 9% from last year. 

  • Yearly Average Sales Prices are up 38% from 2011. 

  • Home values are up 44% from the bottom of March 2012. 

  • Current home values are moving back to the normal trend line, which peaked July 2007. 

  • Metro Atlanta is the #3 top destination for moves in the nation. (According to a survey by United Van Lines)

  • As of late, mortgage rates have been on a steady decline. According to Freddie Mac’s National Mortgage Rate Snapshot,  the 30 year is down to 3.66% from 4.51% just a year ago, the 15 year down to 3.05% from 3.576% and 5/1 ARM currently 2.98% from 3.15%.                                                                                                                                                                                                                                                                                                         

So, in a nutshell....home sales are up, home values are up, home sales prices are up, mortgage rates are low and it's a normal market out there. Boom!

So, When Exactly Should I List my Home for Sale? 

No better time than the present! Of course some Realtors will tell you that the best time to list is the Spring...but, I disagree. Of course home searching is more fun when it's not 32 degrees outside, but, in reality....if somebody is wanting to purchase a home, they are going to look now! Not wait until Spring. Plus, with most homeowners believing it is better to list in the Spring, the market will become more saturated. This meaning there will be more competition out there. 

I hope this information helped you get a better idea on what the current market is in Metro Atlanta. Now....what to do next? Find out what your home is worth in today's market by clicking here. There is nothing better in life than being informed. 

 

Emily Benner

Real Estate Professional

PalmerHouse Properties

www.PropertyValuesbyAddress.com

 

 

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Emily Benner - Path & Post Real Estate

Emily is a proven real estate professional with a depth of experience only surpassed by her passion to create amazing client experiences. By focusing on each client's unique needs and concerns she is able to leverage persistence, dedication, and compassion to help buyers find their path to the right home. Emily is a proactive guide along the journey and has a keen awareness of how to win the game of contracts for her clients. She is a North Atlanta resident and has a degree from Kennesaw State University. When she is not acting as a strategic guide, you can find Emily seeking a new town or campsite to explore with her two teenagers. Emily also enjoys horseback riding and supporting the communities she serves via various charities benefiting kids with cancer.

emily@pathpost.com

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