My good friends at Altos Research just released their latest Real-Time Housing Market Update. This is a national view of the market based on a 10 city composite index. Since Atlanta is one of the 10 cities it’s always particularly interesting to me when the updated report comes out.
It looks at price — we’re down 1.5% over the last quarter (not bad); listing inventory — we’re up 9.7% in the last 3 months (BUT, that’s very normal going into spring); and average days on market — we’re down 17.1% (wow that’s good)!
The overall composite shows pretty similar numbers to the Atlanta real estate market numbers that I listed from the report above. Overall pricing is down 1.8% with inventory rising 12.8% (again that’s probably more about the normal “spring rise”) and days-on-market down 6.7%
So, this is really more “bouncing along the bottom” data, indicating more of the relatively flat market we’ve had for many months now. It’s good news in the sense that the market has proven to have a pretty firm bottom. The strong rise is still a ways away for sure.
Just click here if you want to download the complete Altos Research report.
