"In December, Atlanta saw its active listing count rise by an impressive 5.9% compared to the same month last year, bringing the total to 4,562 homes. While this increase in inventory stood out against the national trend of a 12.1% rise, Atlanta's market shimmered with potential as new listings took a dip, decreasing by 21.1% year-over-year. This unique combination of expanded inventory and fewer fresh listings meant buyers had a golden opportunity to explore a wider array of options."
"Enticing Price Adjustments Atlanta's market spurred excitement with a 4.2% year-over-year decrease in median listing prices, which settled at an attractive $360,617. This decline was more noticeable than the national median dip of 0.6%, making Atlanta an enticing prospect for buyers seeking value. The price adjustment, coupled with increased inventory, painted a promising picture for those ready to seize the moment."
"Patience Pays Off with Longer Market Times In December, the average home in Atlanta spent 76 days on the market, marking a 13.8% increase from the previous year. This was longer than the national median of 73 days, which only saw a 5.0% increase. For buyers, this extended timeframe translated into a strategic advantage, offering ample opportunity to carefully consider and negotiate their next dream home."
Active listings in Atlanta rose 5.9% year-over-year to 4,562 homes in December, while new listings fell 21.1% year-over-year. Median listing prices declined 4.2% year-over-year to $360,617, a steeper drop than the national median decline of 0.6%. The average home spent 76 days on the market, a 13.8% increase from the prior year, compared with a national median of 73 days and a 5.0% increase. Increased inventory, lower prices, and longer market times created more options and negotiation leverage for buyers and required sellers to adjust pricing and marketing strategies.
Read at SFGATE
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