Atlanta Home Prices Up 13 Percent

The monthly Case-Shiller report for January shows Atlanta home prices up more than 13 percent from a year ago and up one percent from December.  The monthly gain was the second highest jump among 20 major metropolitan areas and second only to Phoenix.  Many experts have said that Atlanta’s recovery is very similar to the Phoenix market.  As of January, Atlanta had the fifth-strongest new construction permits in the country. 

Eugene James, Atlanta regional director for Metrostudy, states “there is a very strong demand for housing and very low inventory levels.  High demand and low inventory will drive prices higher.” 

The local price gain was stronger than the national average of 7.3 percent.  Fortunately, Atlanta is benefiting from fewer foreclosures, more home construction, a stronger economy, more employment and better job security which are crucial for a strong housing market. 

For more information about homeownership or real estate investment in Atlanta call Jim LaVallee at 404-847-9080 or write Jim@EpicDevelopment.com. View all the details of our current listings here.   For more information about commercial real estate operations or investment visit EpiCity.com.

2016-09-24T00:23:09+00:00 March 26th, 2013|Economic News|