The South Has Something to Say: Atlanta's Market Is Splitting into Two
By Vanessa Calhoun, Powered by Data. Led by Heart.
(HomeSmart)
According to OutKast, the South has something to say….and Atlanta’s real estate market is definitely screaming loudly.Atlanta’s markets (because we have SEVERAL different markets in Metro Atlanta) are a bit all over the place right now. Sellers located in the luxury ($1M +)markets of North Atlanta/North Fulton, Chastain Park, and Virginia-Highland are booming with multiple offers whereas other areas of Midtown, West Buckhead, and Ormewood Park are experiencing flat or negative growth.From a Buyer’s perspective, the entry & middle tiers seem to be grappling under the pressure of higher rates, higher property taxes, and overall affordability. We’re seeing longer days on market and multiple price reductions.WHAT DOES ALL OF THIS MEAN (from a Seller’s Perspective)?If you’re SELLING in any o...
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