Metro Atlanta April Mkt update.

Breland's Universe - A real estate company presents:

Atlanta REALTORS? Market Brief

April 2023 Edition

Atlanta REALTORS? Association (ARA), the largest association of its kind in Georgia, released its April 2023 Market Brief on residential housing statistics for 11 area counties in metropolitan Atlanta. The Market Brief, compiled by First Multiple Listing Service (FMLS), provides the only regionally-focused synopsis of monthly sales and home prices for single-family residential properties.

The Atlanta REALTORS? Market Brief is designed to offer an overview of the Atlanta residential market by providing a synopsis of sales and home prices, and covers 11 counties: Cherokee, Clayton, Cobb, DeKalb, Douglas, Fayette, Forsyth, Fulton, Gwinnett, Paulding, and Rockdale. The numbers in the reports are updated each month to reflect any additional recordings from the previous month. Each month, the numbers reported for the previous month are updated to reflect additional recordings.

Demand:?April residential sales were at 4,661, a decrease of 28.7% from the previous year.

Price:?Average and median sales prices declined for the first time since 2012. The median sales price in April was $405,000, a decrease of -1.2% from last April. The average sales price was $495,000, down -0.7% from the previous year.

Supply:?Atlanta area housing inventory totaled 9,007 units in April, an increase of 14.2% from April 2022. New listings totaled 6,212, down 26.0% from April 2022 and down 12.8% from the previous month. The month’s supply over a 12-month period increased to 1.8 months.

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Do you know someone looking for real estate options, now or in the future? If so, let them know about Breland's Universe Service offerings. They include:

1. Home Buying Consultation: Providing personalized guidance and expert advice to home buyers, helping them navigate the entire buying process.

2. Property Search Assistance: Assisting home buyers in finding properties that meet their specific requirements, including location, size, amenities, and budget.

3. Comparative Market Analysis (CMA): Conduct a thorough analysis of the local real estate market to help sellers determine the appropriate listing price for their property.

4. Home Staging Services: Offering professional staging services to enhance the visual appeal of a property, increasing its chances of selling quickly and at a higher price.

5. Virtual Home Tours: Utilizing virtual reality technology or live video tours to allow remote buyers to explore properties in detail from the comfort of their homes.

6. Negotiation Support: Represent buyers or sellers during negotiation processes to secure favorable terms and achieve the best possible outcome.

7. Property Valuation: Providing accurate property valuation services to help sellers determine the fair market value of their homes.

8. Home Inspection Referrals: Recommending qualified home inspectors to buyers, ensuring a thorough examination of the property's condition before finalizing the purchase.

9. Mortgage Assistance: Collaborating with mortgage brokers or lenders to help buyers find suitable financing options and navigate the mortgage application process.

10. Legal Services Referrals: Connect buyers or sellers with reputable real estate attorneys who can handle legal aspects such as contracts, title searches, and closing procedures.

11. Marketing and Advertising: Implementing targeted marketing strategies to promote properties for sale, reaching a wider audience and attracting potential buyers.

12. Relocation Assistance: Assisting buyers who are relocating to a new area by providing information on neighborhoods, schools, amenities, and facilitating the transition process.

13. Investment Property Analysis: Conduct detailed financial analysis and market research to help investors identify lucrative real estate opportunities for rental properties or fix-and-flip projects.

14. Escrow Coordination: Managing the escrow process, ensuring all necessary documentation and funds are properly handled, and facilitating smooth transactions for buyers and sellers.

15. Post-Sale Support: Offering post-sale services to buyers and sellers, including guidance on home maintenance, property management, and referrals for contractors and service providers.

"Don't wait to buy, buy and wait!"

AFBMPA