Luxury condo market booms in Atlanta

Author: Atlanta Agent Magazine

The market for townhomes and condominiums continues to be solid, with condos selling faster in 2017 than in 2016 despite low inventory, according to Engel & Völkers Atlanta’s annual market report. Between January and December of 2017, Atlanta townhome and condo sales increased by 37 percent, and the amount of days spent on the market dropped from 50 to 30.

Midtown condos led the pack with sales and prices compared to other parts of Atlanta. The average number of days a Midtown condo or townhome spent on the market dropped from 31 in 2016 to 28 in 2017, while the average ratio between listing price and selling price increased from 98 percent to 99 percent. 

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