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Unveiling the February 2024 Atlanta Real Estate Market Trends

By March 7, 2024 No Comments

Welcome back, savvy homeowners and potential buyers! Here at Savvy Estates ATL, we’re thrilled to bring you the latest insights into the dynamic Atlanta real estate market. As your trusted REALTORĀ® in Atlanta, Georgia, we’re dedicated to keeping you informed and empowered to make savvy decisions in today’s ever-changing market landscape. So, without further ado, let’s dive into our February 2024 Atlanta Real Estate Market Update!

Atlanta Market Overview: As of February 2024, the Atlanta housing market continues to demonstrate resilience and opportunity. With a 3.26 Months Supply of Inventory, representing a +62.19% increase over the last 12 months, our market remains balanced, providing both buyers and sellers with favorable conditions.

Key Metrics:

  • List to Sold Price Percentage: Holding steady at 97.8%, indicating sellers are achieving close to their asking price.
  • Median Days on Market: At 28 days, properties are selling relatively quickly, reflecting strong buyer demand.
  • Median Sold Price: Currently standing at $480,000, showcasing a stable and competitive market for all parties involved.

What Does This Mean for You? Whether you’re considering buying, selling, or investing in Atlanta real estate, now is a prime time to take action. With inventory levels up and prices holding firm, buyers have a variety of options to explore, while sellers can capitalize on strong demand and competitive pricing.

How We Can Help: At Savvy Estates ATL, we understand that navigating the real estate market can feel overwhelming. That’s why we’re here to guide you every step of the way. Our team of experienced professionals is dedicated to providing personalized service and expert advice tailored to your unique needs and goals.

Contact Us Today: Ready to make your move in the Atlanta real estate market? Don’t hesitate to reach out to us at Savvy Estates ATL. Whether you have questions about market trends, need assistance with buying or selling, or want to explore investment opportunities, we’re here to help.

Conclusion: Thank you for joining us for our February 2024 Atlanta Real Estate Market Update. Stay tuned to the Savvy Estates ATL blog for more insights, tips, and news to help you navigate the exciting world of Atlanta real estate. Until next time, happy house hunting!

About Terin Branhan