Is The Centennial and Autrey Mill Housing Market Slowing Down?

Is The Centennial and Autrey Mill Housing Market Slowing Down?

For those who just received our Centennial Homes August 2018 edition in the mail that covers the Alpharetta, Johns Creek, and Roswell housing market, you will note we touched on the fact that the number of homes sold in our local market was down 9% for the year. We have been pointing out a slow-down in our local market since last year.

We believe the following are possible reasons for this reversal:

* Strong price appreciation in housing since 2012

* Rising interest rates

* Buyers are more cautious

* Increase in property taxes and proposal for 2019 to increase millage rate

So why bring this topic up again? We wanted to see if there were any additional factors that could be impacting our local market that we may have missed.

Breaking down our local market compared to the overall North Atlanta market, we tried to identify what has changed this year in the Haynes Bridge Middle School market and noted a recent rating change on GreatSchools.org. You can see the chart below shows the number of homes sold for the Haynes Bridge Middle School market vs. Autrey Mill for the last 12-months.

 

 

 

 

 

 

FMLS: 7/19/18, Homes Sold

Regardless of the ebb and flow of the housing market, our community has made some amazing progress from the revitalization of Historic Roswell to Downtown Alpharetta, to the numerous green space improvements. We believe the housing market is taking a temporary pause to digest the factors noted above and believe a strong local/national economy should continue to support a healthy housing market.

As the #1 Agent in the Centennial HS market serving Alpharetta, Johns Creek, and Roswell, we use our understanding of the market to help our Buying and Selling clients make informed decisions. Give us a call at 678-665-0202 if you have any questions.