🏡Atlanta Housing Market Dec 2023 Real Estate Predictions 2024🔮

Dated: January 1 2024

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Overall the housing market as we close out the 4th quarter has remained sluggish due to elevated home prices, out of control mortgage rates and limited housing inventory.

According to the national association of realtors, Existing home sales declined 4.1% month over month and 14.6 % year over year as of the last measure.

  • Existing home sales declined 4.1% month over month and 14.6 % year over year as of the last measure
  • 2024 home price appreciation expected to be at 1.5%
  • Mortage rates dip considerably in December at just over 6.6% for 30 yr fixed rate mortgage
  • Avg sales price detached $525,174
  • Avg sales price for attached $416,860
  • Average days on market= 30
  • Months supply of inventory for detached homes= 2.5 
  • Months supply of inventory for attached homes= 2.8 
  • Home price appreciation has slowed which= signs of a more normal market

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Adell Forbes

My start in real estate was 'borne' from inspiration and dedication to my son. As a single Mom, I wanted to do more than just provide his basic needs. My goal was to create wealth for myself while bui....

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