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Listings headcount in Intown Atlanta is down – it’s a good time to sell a house

Listings inventory Intown Q12014

The listing headcount remains down. The listing headcount peak occurred in late 2011; back then, listings headcount was at an all time high in metro Atlanta. Prices were at all time lows when list to sales price ratios were at 70% or so - that was early 2009. That means that sales prices were roughly 30% off of list on average. Prices began to stabilize as buyer vs. seller negotiations grew closer and closer to today's tidier numbers. Demand has been steady, and by early 2012, inventories starting dropping through late 2013. After that 2011 peak, the listings headcount trended downward until last Summer. We fell below 6 months supply  - that's what I call the listings headcount, back in March 2012. That drop to 6 months supply heralded the seller's market we have been in since then. Listings headcount is down on average, across the broader Intown market. This chart reveals that Q1 2014 ended with 4.2 months of supply, and here in May, it starting to feel like 7 months supply. … [Read more...]