🏡Atlanta Housing Market November 2023🏡

Dated: December 1 2023

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Home sales of existing homes recently fell nationally to a 7 month low. Overall homes sales are Down .7% month over month and down 15.3% in comparison to a year ago.

This should not be of great surprise since elevated home prices and interest rates continue to price would be homebuyers out of the market. 

  • The national average for home price appreciation is approxiamately 1%
  • Elevated rates continue to be a challenge for some homebuyers
  • The avgerage sales price for detached homes is $543,126
  • The average sales price for attached homes is $406,387
  • Days on market= 30
  • Months supply of inventory = 2.6

Possible solutions for current homebuyers include multi generational living, subleasing a portion of the home that is purchase and buying down the mortgage interest rate.

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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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