The housing market is starting to become more balanced.
The post Sellers lose the upper hand as mortgage rates rise appeared first on Atlanta Agent Magazine.
Category: active listings
Homes now selling below asking price
Mortgage applications, pending sales, new listings and overall inventory saw large declines in August.
The post Homes now selling below asking price appeared first on Atlanta Agent Magazine.
Newly listed homes post smallest decline since mid-November
The pace of new home listings is gaining steam, a welcome development in the face of high demand from buyers, Redfin reported.
The post Newly listed homes post smallest decline since mid-November appeared first on Atlanta Agent Magazine.
January had fewer homes for sale than ever as supply fell 12%
While listings dropped, sales still rose due to continued homebuyer demand.
The post January had fewer homes for sale than ever as supply fell 12% appeared first on Atlanta Agent Magazine.
Inventory falls 40% from pre-pandemic levels, as home values accelerate
Rent growth also slowed in December, posting the lowest monthly increase since February 2020.
The post Inventory falls 40% from pre-pandemic levels, as home values accelerate appeared first on Atlanta Agent Magazine.
Home prices hit a record high as supply drops to a record low
Despite those challenges, there are signs the market continues to shift toward more seasonable norms.
The post Home prices hit a record high as supply drops to a record low appeared first on Atlanta Agent Magazine.
September saw fewer homes sold, another increase in prices
Lack of inventory continues to restrict home sales as fewer homes sold in September, and closed home sales dropped.
The post September saw fewer homes sold, another increase in prices appeared first on Atlanta Agent Magazine.
Asking prices reach an all-time high as the market cools
Asking prices for homes reached an all-time high in September, despite pending sales and new listings cooling.
The post Asking prices reach an all-time high as the market cools appeared first on Atlanta Agent Magazine.