December 2023 Market Update
The November stats are out for Metro Atlanta and here is what you need to know…
Active listings and the number of homes selling continue to remain low, down 12% compared to last year. In a “normal” market, back in 2016 and 2019, we saw over 30% more homes for sale.
Failed listings account for 37% of November Listings, compared to 32% in November of 2019, but pricing remains positive with the median sales price up 6%.
Affordability is currently the subject of the moment and in the latest marketing analysis provided by Keller Williams, Payment to Income Ratio has increased from roughly 20% in 2020 to 45% in November.
Have any questions or looking to make a move? Contact us at 678-665-0202.
