The first quarter of 2012 has proven to be very positive in terms of our Atlanta residential real estate market, compared to the first three months of 2011. Most of us have heard that the spring market is the busiest time in real estate, and this spring we have felt a strong surge of activity, proving this theory true.
In the single family market across Atlanta new sales activity is up 16% vs this time last year. The amount of pending home sales are at the highest level they have been in 15 months, showing that the market is finally beginning to recover from the economic downturn of prior years, and that now is truly the time to purchase a home.
Buyers are seeing the combination of a returning economy, increasing consumer confidence and historically low interest rates. Sellers are pricing their homes right from the start, and inventory has decreased, creating a sense of urgency for buyers