Here’s a market update highlighting the differences between a peak buyer’s market (January 2009) and our current seller’s market in the Atlanta metro.

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Buying a home? Search the local MLS.

 

Every quarter we hire a statistician to analyze and compile data from the MLS so that we can identify the trends you, the Atlanta buyers and sellers, need to know. Today’s update will be a comparison of our seller’s market (December 2019 stats specifically) to the peak buyer’s market of January 2009, highlighting how things have changed—primarily for sellers.

 

Without solid numbers to assess, the people who depend on our expertise would be left having to make emotionally based market decisions rather than factual ones, which is a horrible way to approach real estate. That being said, numbers without context hardly even mean anything. For example, 74% of homes failed to sell in 2009, whereas nowadays that’s down to 34%—this doesn’t mean sellers should go around throwing whatever price they want on their home, though. Here’s what you’ll need to know about the market.

 

Cited below for your convenience are timestamps that will direct you to various points in the video. Enjoy the full message or use these timestamps to skip to sections that interest you most: 

 

1:45 - Explaining how and why we structure our market updates 

 

4:15 - Our current seller’s market (December 2019 stats) vs. January 2009’s peak buyer’s market; active listings and inventory 

 

5:00 - Distressed sales (foreclosures and short sales) December 2019 vs. January 2009 

 

5:37 - Median sales price December 2019 vs. January 2009 

 

6:31 - Days on market and sale price/original list price December 2019 vs. January 2009 

 

7:13 - Overall price reduction December 2019 vs. January 2009 

 

7:50 - Percentage of failed listings December 2019 vs. January 2009 

 

9:40 - Putting these number in their context; previewing upcoming content 

 

Our goal with these updates is to put you in a position to win and to have the confidence of knowledge in every transaction. If you have additional questions about the information covered in today’s message, feel free to call or email me. I would love to speak with you, learn your goals, hear your concerns, and see how I can help.