Facts & Trends by Trendgraphix is an online market reporting system for professional real estate agents and brokers. Their guidelines suggest that a Buyer’s Market exists when there is more than 6 months of inventory based on closed sales. A Seller’s Market: less than 3 months of inventory, and a Neutral Market: 3 – 6 months.
The inventory level of homes for sale in the Atlanta area has been dropping steadily. In Roswell’s zip code 30075, where we do a lot of business, as of mid-April, overall there was an inventory level of 3.1 months.
Compare this to January of 2011, when there was a 15.4 month supply and in January of 2012 when the number was 9.2!
However, in the price range up to $399,999 that figure is only 1.2 months of inventory, driving multiple offers and very quick sales in select areas!
For 30075 properties priced $750,000 and above, the inventory statistics vary wildly from month to month. In the last quarter, this figure was 17.8 months.
No matter what the price range, homes should be pristine and properly priced. In some price ranges, we are generating competing offers! There seems to be a lot of urgency on the part of the buyers, with “fear of loss” working as a strong factor.
The bottom line is … you need a professional with a data-driven approach and all the necessary tools to get the job done. Take a look at our numbers, and give Cathi a call at 770-993-9572.