Spring is happening! There's chill in the air but the days are getting warmer. Here's a quick update on the metro Atlanta home market, statistics from March 2025, provided by FMLS:
Average showings to a pending sale was 12
Sale price percent of list price 99.5%
Sale price percent of original list price 97,9%
Average sale price was $401,899
Homes for sale 24,376, up 47.4% from same month in 2024
Closed sales were down 8.1%
Days on market average is 49
Months supply of inventory is 4
Homes are selling but a bit slower in many areas. Many sellers are finding it necessary to take a price reduction (or two) before finding their buyer. Days on market is 49 average and that is signaling more of a "level" market - no distinct advantage for the buyer or the seller. And a four month supply is approaching a more stable market where we see six months of inventory available.
The fact remains that sellers who prepare their homes for sale properly, will reap the reward with a faster sale and typically a higher price. Buyers who enter the market prepared (good credit, low debt and cash available) and with a preapproval from a lender, are always considered a stronger buyer when sellers are considering offers in a competitive situation. Are multiple offers common across metro Atlanta right now? Only in certain areas, and many less than a few years ago (2021) when almost all sales were impacted. Ready to make your move? You may have a great rate but prices are still increasing! Let's talk.
