More Homes, Lower Prices? Atlanta’s Market Is Changing
|
Deal of the Week This week’s tour takes us to Fayetteville, near the Peachtree City line. This updated home has 5 bedrooms, 3.5 bathrooms, 3,970 square feet, and sits on a private 1.3-acre lot. The asking price is $615,000.. Inside, you’ll find an updated kitchen with quartz counters, a large owner’s suite, three fireplaces, and a finished basement. Outside, there’s a large deck, screened porch, fenced backyard, and no HOA. One of my favorite features is direct access to more than 100 miles of Peachtree City golf cart paths. Watch this week’s full home tour here: Tour Metro Atlanta Real Estate News If you’re thinking about buying a home, this fall could bring more opportunities. Metro Atlanta pending home sales dropped 29% in August compared with last year, and the median sales price fell to $400,000, down 1.7% from a year ago. With fewer buyers competing, some buyers may have more time to look at homes, ask for repairs, or negotiate with sellers. There may be an even better window coming up. Realtor.com data shows the week of September 27 could be one of the best weeks of the year for Atlanta buyers. Historically, this period brings about 14.6% more listings than a normal week, while listing prices are about 4.2% below the seasonal peak. Homes also tend to sit on the market longer, giving buyers more time to make a decision. The challenge is still mortgage rates. The average 30-year fixed rate reached 7.03% this week. That makes it important to look at the full monthly payment, not just the price of the home. A good agent and lender can also help buyers look for seller credits, rate buy-downs, and other ways to lower the upfront or monthly cost. Thinking about buying or selling in Metro Atlanta? Reach out and let’s talk about what these changes could mean for you. And if you know someone thinking about moving to Metro Atlanta, please share this email with them. Cas P.S. - Text "HOME" to 404-997-2641 to Pre-Qualify & Start Your Home Search |