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MLS Moments Answers “How’s the Market in Atlanta?”

06/09/08 | Kathy Drewien | Category: Atlanta Real Estate, MLS Moments

“How’s the Market in Atlanta?” “Much better, thank you.“

May closings are still being reported in the multiple listing service, and I’m pleased with what I see in comparison to last week’s report.

And yet, there are still a lot of For Sale signs in every neighborhood.

Let’s look at how this breaks down by price range with an eye on the absorption rate. Absorption rates are a mathematical calculation of how long it will take to sell all the homes on the market, based on the number of houses for sale and the number of houses sold per month.

These numbers are from the First Multiple Listing Service (FMLS) and deemed reliable, but not guaranteed. As always, we are consistently using our defined market area.

An absorption rate of 6 months is considered balanced.

Detailed reports are updated weekly. Market trends of price and inventory are real time.

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