23 Sep The Good & Bad in Metro Atlanta Homes Sales
If you’ve got a home to sell and you’re living in the Metro Atlanta area, you’ve gotten some good news as of today! The National Association of Realtors released a report on Wednesday showing that home sales rose dramatically in August 2011 compared to August 2010. Across the country the over increase was 18.6%. In the Metro Atlanta area the rise was even more dramatic with the increase at 26.2 %. There are 9 counties that constitute the Atlanta Metro area.
Fulton County Homes:
Cherokee County Homes for Sale
While home sellers have reason to celebrate (and many have after selling homes that have been listed for months), not all the news was good. With the economy still acting like a roller coaster, the report also tells of home prices continuing to fall. Digging into the details of the report, the Atlanta Journal Constitution found that home prices in the metro area fell by 7 %. In August of 2010 the median house price was $111,100 and dropped to $103,300 in August 2011.
Gwinnett County Homes for Sale
Continuing in the more positive vein of the news, it looks as though the sales trend could continue into September. Home buyers once again have fabulous mortgage rates to work with. The average fixed rate, 30-year mortgage fell to a record low of 4.09 percent last week, according to Freddie Mac.
If you’re looking to buy a home in the Metro Atlanta area (or really anywhere in the country!), the combination of low mortgage rates and historic lows in home pricing means NOW is the time to do so! Whether you are looking to buy or sell, you need a great agent to help you and The Anderson Group stands ready to assist you in all your efforts.