Atlanta NE Home Market Snapshot Report, May 2018

The first 4 months of this year have set a pretty clear trend for the rest of the year, that home price will, at least, continue it current increase rate fueled by the low inventory.  Here in NE ATL, tracked cities home price did exactly what expected with Norcross continue to lead with a fantastic 14% YTD Avg price increase.

April also definitely said that the beginning of the home buying rushing season has started! Avg Day to Sold down to only 32 days, 1st time since the Crash!  Norcross lead with only 20 day, followed by Duluth of 24 days. 

Listing inventory is now down to only 1 month for home under 300k, also 1st time since the Crash! 300 to 400k only have 2 months inventory available!  

Because of the sharp home price increase, you may want to check if you can drop your existing mortgage PMI payment and save yourself $50 to 200 per month! Let me know if you need help. 

Interest rate is expected to cross 5% by the end of this year. So if you've been thinking about refinancing, now it is the time. Don't wait until its too late..