Monday, July 30, 2007

Is Real Estate Slow?

Well, not so much at the moment! After a bit of a break this Spring, during which I planted gardens, started taking classes and started my blog, business is picking up!! Being fairly new to the business, I am still susceptible to the seasonal ups and downs of the business, but my mentors in the office have found that they didn't have any of the usual drop off in business during the heat of the summer which we usually predict.

Atlanta never experienced the run-up in prices which many markets still making the news did. Also, our in-town market continues to see demand as people continue to move to Atlanta, and those in the suburbs see the benefit of re-claiming time and gas money by moving into town. And life continues--people get married, divorced, have kids, send kids to college--all kinds of transitions which mean that their housing no longer meets their needs anymore.

That being said, there are some really attractive prices because we have had fewer buyers confident enough to take the leap into home ownership. Higher supply equals lower prices as we recall from Economics 101. But guess what is happening? People who don't really need to sell are taking their homes off the market and the supply is starting to get back to a more reasonable amount. That should create some upward pressure on prices.

Thinking of making a move this fall? It's not too early to contact me so that I can help you plan your best strategy for making it happen!

No comments: