THE BEACHAM INSIDER VOLUME VII , ISSUE II
A BROKER ' S
PERSPECTIVE
Metro Atlanta ' s real estate market offers diverse housing options that cater to various lifestyles . Booming tech industries and a thriving arts scene have propelled Atlanta onto the global stage , attracting talent and visitors alike . Healthcare and bioscience industries also flourish , supported by renowned research institutions . The city ' s diverse economy , coupled with a favorable business environment , positions Atlanta as an attractive destination for various industries .
EXPERT OPINIONS
“ With mortgage rates expected to ease slowly throughout the year , some potential sellers are planning to get off the sidelines in 2024 and make a move , with the majority expecting to buy a new home at the same time that they sell their current one .”
- Realtor . com Chief Economist Danielle Hale
" More inventory is always welcomed in the current environment . Frankly , it ' s a great time to list with ongoing multiple offers on mid-priced properties and , overall , home prices continuing to rise ."
- Dr Lawrence Yun
“ While we expect the Federal Reserve to start cutting interest rates in June , a lot can happen in three months when it comes to the economy , and even the slightest re-acceleration of inflation can push the Federal Reserve to stand down on rate cuts and revisit them toward the end of 2024 .”
- Glen Smith , Chief Investment Officer GDS Wealth Management
This growth has expanded in all directions outside of the city limits . Cities such as Milton , Cumming and Alpharetta have seen an increase in average sales price on single family homes ( SFH ) of 31 % since 2022 . The same cities have seen a 44 % decrease in the number of homes sold during the same time period due to the inventory challenges most areas are facing .
In the City of Atlanta , the condo and townhome market experienced an increase in sales price of 18 % while the number of units sold decreased by 44 % over the past two years . The average sales price in the SFH market in all price ranges increased by 11 % while experiencing low supply with a 39 % decrease in units sold .
404.261.6300 | BEACHAM . COM | 3060 PEACHTREE ROAD , SUITE 100 | ATLANTA , GA 30305
If your home is currently listed for sale , this is not intended as a solicitation of your business . This information is believed accurate and is subject to errors , changes , prior sales and withdrawals without notice . Nancy Meister , Managing Broker . Equal Housing Opportunity .