Is Georgia a buyers or sellers market?

Is Georgia a buyers or sellers market?

The seller’s market in Georgia is likely to continue throughout 2021, driven by population growth, low inventory, and low mortgage interest rates. By far, the most competitive real estate markets in the state are in the greater Atlanta metro area.

Will housing get cheaper in 2021?

California’s median home price is forecast to rise 5.2 percent to $834,400 in 2022, following a projected 20.3 percent increase to $793,100 in 2021. Housing affordability is expected to drop to 23 percent next year from a projected 26 percent in 2021.

How much has rent increased in Atlanta?

Atlanta Rent Trends: Rent Growth Atlanta rents have increased by 2.95% compared to last month, and are up by 18.8% compared to last year.

What will happen to Atlanta’s Housing market in 2021?

The Atlanta housing market is expected to see one of the country’s steepest rises in home prices next year, according to the 2021 housing forecast from The forecast shows a growth of 6.7% in 2021, compared to a 5.7% increase nationally — putting metro Atlanta in the 20 markets expected to experience the huge home price increases.

What are the forecasts for the Atlanta real estate market?

In fact, the total number of active real estate listings has declined significantly over the past year or so. As a result of these trends, recent forecasts for the Atlanta, Georgia housing market predict that prices will continue to climb at a steady and significant pace over the coming months.

How has the public-health crisis affected Atlanta’s real estate market?

Throughout 2020, the Atlanta real estate market was marked by steady demand from home buyers seeking to purchase. That’s astonishing, when you consider the fact that we were enduring a pandemic and economic slowdown for most of last year. Clearly, the public-health crisis has had very little impact on the Atlanta real estate market.

What was the median price of a home sold in Atlanta last month?

The median price of a home sold last month in the 11-county area was $372,500. This price is 3.5 percent more than the previous month and 26.3 percent higher than June 2020’s median price, according to the Atlanta Realtors Association. Record-low interest rates and are enticing buyers into the market and giving them more buying power.