Atlanta’s Robust Condo Market

When the pandemic first began the allure of condo living sharply declined as restaurants, stores, galleries, and offices closed their doors, and people started spending more time than ever in their very own homes. Homebuyers “lost a lot of the reason people wanted intown condos in the first place” says Engel & Völkers Atlanta CEO, Christa Huffstickler.

However, now that businesses have adapted and Atlanta moves into a new-normal, the appeal for condo living has returned and the market is heating up. Inventory levels are currently holding near 2 months of supply, providing buyers with some options for new and resale condominiums. However, as this inventory continues to be absorbed, and with limited new product becoming available, an environment similar to that of single-family homes will arise. This classic supply/demand dynamic will result in prices rising more rapidly.

In addition to the city opening back up, Atlanta is attracting a plethora of new business, specifically in the tech industry, such as Google, Microsoft, Facebook and Visa, who plan to open major hubs in the city. This continuing influx of business continues to draw attention from relocators who are starting to view Atlanta as a major opportunity. Our CEO, Christa Huffstickler, predicts that as a result, “we’re going to continue to see our population surge over the coming years which will contribute to a very healthy real estate market.”

If you’re looking for the perfect intown condo for yourself, do not hesitate to make your move today before this series of factors continues to drive demand up, thus warranting price increases for intown living. Engel & Völkers Atlanta has a variety of luxury condominiums and lofts spanning all price points currently available for sale, and we would love to have our team of expert advisors guide you to your next dream home in the city.