The real estate market is always fluid. Home values constantly change. Trying to determine whether we are in a seller's market vs. buyer's market is very important depending on which side of the fence you may be on. Understanding current inventory levels (homes for sale) is equally important whether you are a buyer or a home seller. Mortgage interest rates change daily and knowing which direction they are going plays an intregal part on a strong market. It is these and many other variables which constantly change and have an impact on our housing market that is important for all real estate professionals to understand in order to better represent YOU....our clients.
For the home seller, you will want to know the current market value of your home, activity in your neighborhood as well as current market trends.
For the home buyer, you will most likely be interested in what is currently on the market, home prices, interest rates and mortgage programs.
Local economic conditions are important for anyone entering the housing market - buyer or seller. And, although all real estate is local, it is also important to understand what is going on nationally in the real estate market... because often what is going on nationally can have a trickle down effect on our own housing market.
As a buyer or a home seller, market data is your friend and essential to a good outcome. The data below is provided by Georgia MLS. In Atlanta we use two listing services: GA MLS and FMLS. Each system keeps and collects its own data. This information is helpful to give us an overview of how we are performing locally as our housing market continues to improve since the housing crash of 2007.
Hope you find this information helpful. Should you have any housing needs, I hope you will reach out to me.
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