🏡Atlanta Housing Market August 2023🏡

Dated: September 14 2023

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During the month of August, higher mortgage rates, along with elevated sales prices and a lack of housing inventory, continue to have an impact on market activity during the summer homebuying season. The average 30-year fixed-rate mortgage continues to toggle around 7%+.

Overall home sales have slowed nationwide, however; the metro Atlanta market remains resilient.

The average sales price being $541,059 for single family detached homes, and the average days on market being 23.

The average sales price for attached homes was $401,857, with the average days on market being 30.

Additional trends for the month of August for the Atlanta Housing Market is as follows.

  • Home prices & values remain stable in most markets
  • Home prices continue to appreciate
  • The rate of appreciation slows due to seasonality
  • housing inventory is still relatively low in comparison to historical levels
  • Some property sellers are deciding not to sell- due to higher interest rates on their next home
  • With limited inventory new construction homes have been a welcome relief for qualified buyers
  • Home price reductions=price corrections
  • Home prices & values remain resilient
  • Housing inventory is 2.2 months

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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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