Atlanta, GA home prices and housing market

Atlanta home values have slipped nearly three percent over the past year, and buyers are gaining ground. If you own a home here and you are weighing a sale, here is what the numbers are actually telling you. The typical Atlanta home is now worth about four hundred seven thousand dollars, down roughly 2.7 percent from a year ago. At the same time, there are close to five thousand eight hundred homes on the market, and the typical listing is sitting for sixty-five days before it sells. That is real competition and a long wait. And nearly 22 percent of active listings have already cut their asking price, which means a sizable share of sellers aimed too high and had to chase the market down. Here is the turn. The median asking price right now is around four hundred thousand dollars, almost exactly in line with what homes are actually worth. Sellers who price realistically from day one are still getting deals done, even in a cooler market. So if you are selling, do not test a high number and wait. Price at or just under what comparable homes support, because the overpriced listings are the ones sitting for two months and then cutting anyway. If you want to know where your home stands in this market, get a free home value estimate at Home Value Pros dot com.