Happy New Year! I’m a lot more optimistic about Buckhead real estate at the start of 2010 than I was in the beginning of 2009. My positive attitude isn’t due to some sort of W.A.G., there are positive trends and news that point to a recovery in the North Atlanta real estate market. While I think we’ve moved beyond the bottom, how fast the recovery occurs is anybody’s guess. Here is a key trend that may point to a bullish 2010 in Buckhead real estate:
The home inventory for Buckhead seems to have peaked at the beginning of 2009. You can click the graph for a larger view of the inventory trend. I’m guessing a good bit of the 40 month peak was due to the massive amount of foreclosures hitting the market; and the drop due to the banks getting realistic about getting the inventory off their books. “Months of inventory” is one of my favorite indicators, since it’s combines supply and demand.
Please feel free to contact me if you’d like to discuss the Buckhead market.
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