July 2010 Buckhead Home Inventory
I thought this was an interesting chart of the months of inventory trend, for Buckhead (FMLS Area 21), over the last 5 years. 17 months of inventory is still fairly high, compared to 2005 and 2006, but it’s down significantly from the highs of the market crash in late 2008 and early 2009. Overall, it looks like a decent trend. As I’ve defined in previous posts, “months of home inventory” analysis can be a useful tool in understanding the state of the market. It incorporates actual inventory levels and the sales absorption...
Read MoreHas the Greater Atlanta Real Estate Market Bottomed Out?
It seems to me as if real estate in Atlanta Georgia has finally hit a bottom and is now on the upswing. I’ve written before about how some of the local Atlanta housing indicators are showing positive signs. Smartnumbers has recently compiled the July Atlanta real estate data, and it looks promising. Here is what Steve Palm had to say regarding the July data: It is not official yet, but after lags are reported single family detached will have a positive year-to-year increase in closings for July. It still looks like single family attached (condos and townhomes) will be negative, but...
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