We just hit another milestone for Atlanta real estate today, but it may not be one worth bragging about. Atlanta real estate FMLS Active Listings Hit All Time High! Our primary Atlanta MLS - FMLS posted Active - 89225 Properties for sale in Atlanta today as I write this blog. This exceeds last summers peak in the high 88K's. The reason that there are so many homes for sale in Atlanta is that financing is harder to come buy, there are loads of forclosures due to all the sub-prime no money down mortgages that were so popular here for the last few years. The more homes that do not sell also means that Atlanta real estate properties for sale will continue to grow by reason of accumulation of unsold properties.
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April 2008 Sales
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That looks rough Jim. Rough indeed.
OH, Jim! That is far more than anyone would have thought, I'm sure.
Jim...
I believe it. I think I showed half of them to my last client!
Lenn Harley, Homefinders.com, MD & VA Real Estate The numbers are incredible, but we got 3 listings under contract this week. Closed one buyer, and have a 500K home closing Monday by the grace of God. We are blessed with clients that are listening to us, and working with us.
Lenn Harley, Homefinders.com, MD & VA Real Estate The numbers are incredible, but we got 3 listings under contract this week. Closed one buyer, and have a 500K home closing Monday by the grace of God. We are blessed with clients that are listening to us, and working with us.
Debe Maxwell (Helen Adams Realty) It is not unexpected. If they cannot get a hold on this market soon listing will go over 100,000 active listings in the near future.
Richard Weisser, Associate Broker, E-Pro ERA United Realty, Auctioneer, CE Author (Coweta Fayette Real Estate, Inc. ERA United Realty) LOL! I beleive it.
Wow Jim that is a whole lot of listings, yes you better have them priced right if you want them to sell. Best of luck to you.
BART WHITMORE REAL ESTATE CONSULTANT (THE REALTY MARKETPLACE) We have one left that is not under contract.
Jim, OUCH! Hang in there. It has to get better for you soon?
Huntsville, Alabama Real Estate Agent Elizabeth Ramsey Cooper (Remax Huntsville/Madison) Maybe yes, maybe not.
Jim: those numbers are just astounding to me! The Rhinebeck, NY area is so small I can't even process your numbers. When I ran my report for this month I was saying, "Wow" we have 91 homes for sale in our town. 5 homes closed in May and we have 3 pending sales. It just shows it all comes down to your perspective.
Diana Corcoran - Rhinebeck Real Estate (Paul Hallenbeck Real Estate) I need to move to Rhinebeck New York!. 91 I can't believe it.
Jim,
I am new to this site and fairly new to the business but I couldn't agree more. A well thought out and informative post.
Paul Stalker (Coldwell Banker) Thank you Paul! Welcome to the business!