As the Summer selling season approaches, the real estate market is abuzz with activity, presenting both opportunities and challenges for buyers and sellers alike. Here are four key insights into the latest trends for April:

1. Surging Inventory: Across Greater Atlanta, Alpharetta, Johns Creek, and Roswell, there has been a notable increase in inventory, ranging from 19% to 43%. However, this surge hasn’t been met with a proportional increase in closed transactions. This trend suggests that homes may linger longer on the market or that price levels could stabilize in the coming months. Notably, Milton stands out as a stronghold, with closed sales down only 25% despite a marginal decrease in homes for sale.

2. Robust Market Dynamics: Days on market and closed vs. original list price metrics remain robust in several key areas, including Greater Atlanta, Alpharetta, Johns Creek, Milton, and Roswell. With days on market ranging from 4 to 12 days and closed vs. original list price hovering between 99% to 101%, these regions continue to exhibit characteristics of a strong seller’s market.

3. Escalating Home Prices: The upward trajectory of home prices persists, with Roswell and Milton leading the charge with impressive increases of 20% and 36%, respectively. Even in the broader Greater Atlanta market, there was a substantial 7% increase in April alone, reflecting the ongoing demand and competition among buyers.

4. Decline in Showings: Despite the overall strength of the market, there has been a notable decline in showings per listing across the board. This decline serves as an indicator of some buyer pullback, possibly influenced by current price levels and interest rates. However, homes that are appropriately prepared and priced continue to see high demand.

At Robin Martin & Associates, our listings consistently outperform the market average. Year to date, our closed listings have spent just 4 days on the market, with an impressive closed vs. original list price ratio of 103%. This exceptional performance, exceeding the market average by a notable 3 percentage points, underscores our commitment to securing top dollar for our clients!

As the real estate landscape evolves, staying informed about these trends is essential for making informed decisions whether you’re buying or selling. When it’s time for your next move, give us a call at 678-665-0202 and let us make sure it’s a success!