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Recovery in the Atlanta real estate market confirmed

December 16, 2009
Jay Bailey, REALTOR

Jay Bailey The Bayne Group

The recovery in the Atlanta real estate market is confirmed by several recent statistics. 

First, new figures from Trendgraphix show that the number of homes for sale in metro Atlanta has declined substantially.  A reduction in the excess supply means that sellers have more bargaining power in their real estate transactions.

Second, new data from Case-Schiller shows that the extreme slide in housing prices in the last few years is over.  In fact, housing prices have increased by 4 percent in the last year. 

Finally, mortgage rates have risen in the past week.   The rise in mortgage rates is due to increasing demand by buyers. 

In sum, there are more buyers, higher prices, and fewer homes for sale in metro Atlanta.  All of these figures indicate that now is a better time to sell a house than any time in the last few years.

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