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MLS Moments

04/28/08 | Kathy Drewien | Category: Atlanta Real Estate, MLS Moments

Atlanta spring market

Tracking the number of houses for sale in Atlanta each week shows little change in the housing market for our area. Compared to last week, there is only a slight variation in the mls listing report.

First Multiple Listing Service (FMLS) has released the March summary report for the greater Atlanta area. In comparison, North Atlanta market statistics report a somewhat stronger picture with higher sales prices and less days on the market.

In Atlanta the number of homes sold this year compared to last year is down 36.6%. Simply, there are fewer buyers this year.

And yet, buyers are purchasing homes that are priced correctly. The average sales price is 4.7% off the listing price at the time the offer is made - not the original listing price. Overpriced houses do not sell.

Get real time Atlanta market trends here.

Photo Credit: Brooke Novak 

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Read Comments

  1. Posted by Carl MartensNo Gravatar on 05.02.08 10:00 am

    Kathy…first off…I LOVE the Pollen photo…where did you find it? That’s great…originally from IL, when I first moved here I had no idea what that green stuff was all over my car!

    Second, this is an excellent article…thank you for providing the statistics. I believe the market isn’t bad…for instance, the average sales price is only 4.7% off the listing price…houses are selling, but only those that are priced right!

  2. Posted by Kathy DrewienNo Gravatar on 05.02.08 10:51 am

    Thanks, Carl. The pollen photo certainly sums up spring in Atlanta. I use Flickr photos with Creative Commons Attribution License. This particular photo was contributed by Brooke Novak .

    Can you SHOUT the last phrase in your comment? I feel like a broken record these days.

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