Nationally, home sales dropped in February to their lowest level since July of 2012. The drop could be traced to a historically low supply of resale inventory. The problem compounds, when you find your buyer that perfect home, you find yourself contending with multiple offers driving the price over asking. Sellers are recognizing the tight inventory supply, which encourages rising prices when they list their home. Since last July, sales have fallen a total of 14 percent.
Personally, in the North Atlanta Market, we have seen our first quarter rise about 5% from the prior year. We are also noticing tremendous new development from our local and national builders and anticipate a strong summer selling season, once all of the new communities begin to make their introductions. If you are thinking of buying or selling your home, call Deborah at the RE/MAX North Atlanta Home Team at 678-628-8865 or visit us on the web at www.NorthAtlantaHomeTeam.com