Home Prices Rising in Atlanta As Home Sales Continue Dropping

There has been a continuous spiral, affecting the metro Atlanta real estate market as it continues to go in two separate directions. The flux it has caught itself in is throwing off predictions of even the most experienced real estate agents because prices are soaring right now, but homeowners are still reluctant in putting their homes on the market. There has been a downward spiral for homes put on sale, because they aren’t getting the numbers they want, or because homeowners are holding out for more. The median sales prices of homes in the metro Atlanta region were hovering around $217,000, which was a significant increase from the previous month. It was estimated that home prices increased by 8.6% in just 1 month, which is considerably more than the national average. This isn’t a one-off event, because home prices have been increasing consistently throughout the country, but Atlanta has seen […]