May Market Update

The month of April continued the trend of rising demand and falling inventory, resulting in another consecutive month of increased sales prices.

In this market, sellers have more negotiating power, enabling them to sell faster at higher prices. Buyers, while at a disadvantage in negotiations, can still lock in historically low interest rates, and, if they act quickly, can capitalize on the rapid build-up of equity.

By the numbers:

YoY Stats  –  April 2021 vs. April 2020

Inventory: -58%

Sold Homes: +33%

Pending Sales: +61%

Avg. Sale Price: +21%

Avg. Days on Market: -46%

Source: TrendGraphix, Metro-Atlanta, April 2020 & 2021, all types and price points

As we near the official halfway mark of 2021, it is apparent that this year’s real estate market will be remembered for its record low-interest rates, low inventory, and rapid increase in sales prices. We are here to help you with all of your real estate related needs. For more information about market specifics or to speak to one of our seasoned advisors, visit evatlanta.com. And follow us on Facebook for daily updates on all things Atlanta.