The latest results are in from Chartmasters, our trusted analytics vendor that supplies us with valuable insight and analysis every month! 

Below is our take on the April analysis…

How is the market doing?

Surprisingly strong! Inventory levels are at 2.9 months of supply, which is very low, and homes are going under contract 5% faster when compared to last year. This is great news for those looking to Sell. 

The $600,000 price point and below is still a Sellers market but as we move above that level we are seeing a Buyers’ market, which is consistent with pre-COVID activity. 

Overall home values are up 7% compared to last year! So again, great for those that have decided to sell!

Has COVID hurt the Metro Atlanta market?

Yes and no. The number of listings are down 11% when compared to last year for the month of April and the number of homes SOLD is down 17%. 

So yes for Buyers, as they were impacted by less inventory to choose from and No for Sellers, as many saw above pre-COVID results when it came to price and number of days on market. 

What is our outlook? 

We think it is safe to say no one knows exactly what the future has in store for us. We will point out that all of the Sellers that put their plans on hold still need to sell and could temporally flood the market this Spring and Summer, creating some opportunities for Buyers. 

For now the Metro Atlanta housing market remains strong and the specific North Atlanta market we follow with a microscope as been equally as strong! We have and continue to encourage all of our clients that have been looking to Sell to call us immediately and take advantage of what has been an extremely favorable Sellers market!