2023 in Atlanta: By the Numbers
We are here to help you make sense of the Real Estate market and be your news source provider for all things Real Estate! For all you market stat nerds out there, be sure to check out our blog below with detailed charts from 2023!
Our 3 main market indicators in 2023:
Average Days on Market: peaked in January at 30 days then descended and leveled out during the summer at 11 days on market and gradually increased to 22 days on market in December.
Average Sales Price: rose steadily through the year, peaked in June and stayed consistent throughout the year -- this means: continued appreciation for homeowners and increasing prices for home buyers!
Month’s Supply: started at about 2 months and peaked in October at 2.8 months and slowly tapered down, finishing out at 2.5 months supply
What’s it all mean? Check out the video to learn the nitty gritty details straight from Valerie!
What are we expecting in 2024?
Interest rates are trending downwards...stay tuned into the Spring Market, beginning mid-February!
Curious about how that impacts you directly?
Reach out to us so we can learn exactly about your circumstances!