November Real Estate Market Recap: Tracking Trends and Seasonality
Curious about how November has shaped the real estate market in Atlanta?
Average Days on Market and Sales Prices
AVERAGE DAYS ON MARKET
AVERAGE SALES PRICE
We’ve seen a slight increase for average days on market which currently sits at 33 days. The average sales price remains steady at just over $458,000, maintaining the mid to high $400,000 range for the past three months.
Month Supply Inventory: A Significant Shift
The most significant shift in the November real estate market is evident in the month supply inventory, which currently stands at 2.9 months. This figure signifies the duration it would take to exhaust the existing inventory if no new properties entered the market.
Seasonality Impact on the Market
The rising numbers in days on market and month supply indicate a shift towards seasonality in the real estate market. Healthy market? Yes!
Stay tuned to hear how you can best prepare for the Spring Market arrival in 2024!
As we head into the holiday season, we wish you warm wishes for a wonderful, safe, and healthy holiday season.