Every winter, families across the country decide if this will be the year that they sell their current houses and move into their dream homes.
Mortgage rates hovered around 4% for all of 2017 which forced many buyers off the fence and into the market, resulting in incredibly strong demand RIGHT NOW!
At the same time, however, inventory levels of homes for sale have dropped dramatically as compared to this time last year.
Trulia reported that “in Q4 2017, U.S. home inventory decreased by 10.5%. That is the biggest drop we’ve seen since Q2 2013.” In the greater Atlanta area, according to FMLS data, homes listed for sale are down 18.2% from the same time last year.
Here is a national chart showing the decrease in inventory levels by category:
The largest drop in inventory was in the starter home category which saw a 19% dip in listings.
Bottom Line
Demand for your home is very strong right now while your competition (other homes for sale) is at a historically low level. If you are thinking of selling in 2018, now may be the perfect time with both national and Atlanta real estate listing inventories at low levels.
Contact Todd Lemoine and Lemoine Team and we will be happy to provide a complimentary pricing analysis and show you our proven marketing plan that gets homes sold quickly and for the highest price possible. Be sure to visit our website to search all homes for sale in Duluth, Suwanee, Alpharetta, Cumming, Roswell and all of North Atlanta real estate: http://www.LemoineTeam.com
