Metro Atlanta Housing Market update 09/21/2023
Metro Atlanta's housing market is expected to grow, but at a slower pace than in recent months. According to a forecast by the National Association of Realtors, home prices in the Atlanta area are expected to rise by 1% in September, following a 0.5% increase in August. The forecast also predicts that home sales will decline by 1.5%.

There are a few factors that are contributing to the slowdown in the Atlanta housing market. One factor is the rising interest rates. The Federal Reserve has raised interest rates several times in 2023 to combat inflation. This has made it more expensive for buyers to finance a home, which has dampened demand.

Another factor that is contributing to the slowdown is the lack of inventory. The number of homes for sale in the Atlanta area is still below pre-pandemic levels. This means that buyers have fewer options to choose from, which has also driven up prices.

Despite the slowdown, the Metro Atlanta housing market is still expected to remain strong. The economy is still growing, and there is a strong demand for housing in the area. However, buyers should be prepared to face higher interest rates and limited inventory.

If you are thinking about buying a home in the metro Atlanta area, here are a few tips: Get pre-approved for a mortgage before you start looking at homes. This will give you an idea of how much you can afford to borrow.
Be prepared to act quickly when you find a home you like.