It seems that every day there's a media scare regarding the real estate market. Is it justified? Somewhat. The market is definitely going through some changes, but that could mean opportunity for you. I work with both buyers and sellers and from where I am sitting, it has most certainly been a Buyer's Market. At some point this will shift, but for now the buyers have the advantage of getting more off the price of a home than they have in past years. Since every situation is different, that doesn't mean that ALL sellers are willing to reduce their price, but the odds are definitely in your favor as a buyer. That being said, it's a great opportunity to scoop up a great deal on a loft, condo or home!
Here's a snapshot of available lofts, condos and homes for 11/9/07.
Total Lofts on Market - 584
Condos, Lofts & Town Homes on Market - 12,644
Total Single Family Homes on Market - 58,703
Total of All on Market - 71,347
Have a great weekend and I'll Blog at ya next week!
*Statistics are base on the Atlanta and surrounding areas. This does not include the entire State of GA. Information is deemed reliable but not guaranteed.
