3 THINGS TO KNOW... What August 2021 Numbers Indicate: trends looking back & predictions looking forward

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3 THINGS TO KNOW
What August 2021 Numbers Indicate:
trends looking back & predictions looking forward
1. Sales prices
2. Number of homes selling
3. How long are homes taking to sell
1) Sales prices
Atlanta Sales Prices are up 20% year over year
August '21 $340,000 - month over month trended downward
August '20 $290,000 - month over month trended upward
August '19 $255,000 - month over month trending downward
Month over month sale price trends in August,
July to August to September are usually downward, but 2020, post “COVID Lockdown” month over month, median sales price went up.
2) Number of home sales in Atlanta are down by over 1,000, 10%, year over year from '20 to '21
August '21 8,814 - month over month trended downward
August '20 9,791 - month over month trended upward
August '19 8,922 - month over month trending downward
Month over month number of sales in August,
July to August to September are usually downward, but 2020, post “COVID Lockdown” month over month, number of sales went up.
3) Days on Market
August '21 - 7 - month over month trended upward
August '20 - 15 - month over month trended downward
August '19 - 22 - month over month trending upward
Month over month Days on Market trends in August,
July to August to September are usually upward, but 2020, post “COVID Lockdown” month over month, Days on Market went down.
What about interest rates?
J Powell’s announcement that the Federal Reserve will not be tapering bond purchasing, yet. Predictions are that interest rates should remain low, around 3%, through 2023.
What does all of this mean?
Low interest rates remaining combined with strong prices, low days on market and predictions are that it will take up to 10 years for inventory of homes available to meet demand, the housing market should remain strong.
What if you are Selling?
The key is to ensure your home is:
- properly presented
- properly marketed
- well negotiated
What if you are Buying?
They key is to ensure that you:
- know what you want
- know your options
- get the right property AND the right terms
If you're selling, make sure you have the agent who knows the market and has the resources and experience to present, market and negotiate to meet your goals.

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