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Intown Atlanta Seller Perception is at Historically Low Levels


The median of Sales Prices as a percentage of Original List Prices has continued lower, and is at historically low levels. This decline began in 4Q 2007, and is a fairly clear reflection of the many problems inside the “gap” between buyers and sellers in the Intown Atlanta and Decatur residential real estate market. The day to day stultification can perhaps best be summarized in the “not in my neighborhood, not on my street” effect that Zillow described in a few articles last year. Yeah, and as the Mother of All Intown Atlanta Real Estate Charts reveals, 70 out of 100 Intown Atlanta and Decatur sellers FAIL TO SELL! The slower market environment forces Sellers to negotiate away a growing portion of original listing prices, and that negotiation leads to more than just financial pain, blues, misery and woe. Time, and the quality and value of time, is crushed. The fact that a property is not priced to be “in” the market, but merely “on” the market is … [Read more...]