3 THINGS TO KNOW... Home Prices in Atlanta Past, present & predictions

3 THINGS TO KNOW about the Atlanta Residential Real Estate Market

3 THINGS TO KNOW
Home Prices in Atlanta
Past, present & predictions
(episode 54)
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1 - Past
Year over year homes in Atlanta have appreciated at an average of 4.5% annually. According to NAR, since 1968, homes have appreciated on average, 5.4% annually a year across the nation.
2 - Present
This year the annual average home sale price price in Atlanta is up by 20%, 15% to 25% depending on the area. While this is true, if you go back to 2002, you'll see that from 2002 to 2021 while the market has been up and down, over those 20 years the average appreciation as of 2021 remains 4.5%.
3 - Predictions
Inventory remains low. According to John Hunt at Insights and other data experts, at the rate of sales combined with the rate at which we are able to build homes and owners will sell homes, it will take ten years or more for inventory to catch up to the demand for homes... this means, prices will continue to rise.