In school, we all learned the theory of supply and demand. When the demand for an item is greater than the supply of that item, the price will surely rise. In Metro Atlanta, the inventory of homes for sale stands at a 2.8 month supply. This is considerably lower than the 6 month supply necessary for a normal market.
June marked the 63rd consecutive month of year-over-year price appreciation as the median price rose to $262,000 in Metro Atlanta.
Buyer demand in Metro Atlanta is highest in May, June and July. Listing your house for sale now will allow you to capitalize on the shortage of homes for sale in the market, which will translate into a better pricing situation.
Catalyst Home Team would love to help you capitalize on the demand in the market now!
There is good news about rising prices. More and more homeowners are recovering from a negative equity situation and learning that they are able to sell their homes and either move up to their dream home or downsize to a property that will better suite their needs. Until the supply of homes for sale starts to meet the buyer demand, prices will continue to increase.
Have you considered leveraging YOUR equity towards moving up into a new home that meets more of your family’s needs?
If you are debating selling your home this year, Catalyst Home Team would love the opportunity to help you evaluate the equity you have in your home and capitalize on the demand in the market right now!