Georgia Market Report Analysis

Atlanta is the capital city of the state of Georgia. Spread over 6,000 sq. miles, and 10 municipal areas, the city of Atlanta forms a major financial and creative center for the southern part of Georgia. It is highly rated among professionals and young individuals looking for homes in the state of Georgia. The city offers a favorable climatic condition with sunny days through out the year, easy air and land access, good job prospects, and physical beauty making it one of the top five cities in Georgia to live in.

Statistics report that the realty market in Atlanta, GA still has very reasonable prices despite being densely populated. Atlanta GA homes and properties are quite reasonable when compared to some of the popular cities in the United States. Atlanta homes have an average price per square foot of $141 at present. This figure indicates a change of 10.2% from last year. This figure was based on the sales of 12,310 Atlanta properties on sale for the week ending October 7, 2009. The average price listed for homes on sale in Atlanta in the week of October 7, 2009 was $441,869 or 0.4% less than previous year. The median price of Atlanta, Georgia homes for sale for the week ending October 7, 2009 was $191,000 or 10.2% more than what it was in 2008. The reports point towards a recovery in the real estate market in Atlanta from the previous year’s steep price fall.

The housing market in Georgia, specifically Atlanta, has begun to recover from last years drastic price drop. The national recession hit the area hard last year but it is well on its way to recovery.

Georgia Real Estate Market Report

The real estate market in Georgia has many opportunities for potential buyers to invest as it is smart, affordable solution for buyers to quickly enter into the market. It is an ideal place to live and it is among five best places of the country to buy vacation homes. Real estate market is one of the most rapidly growing markets of Georgian economy. The investment in Georgia real estate gives you high returns and output on your investment due to the strong upward trend in real estate and which is expected to continue in future as well. The prices of real estates have increased more than four times as compare to last three years. The demand in real sector has increased due to the attractive locations of the city. GDP growth of Georgia has risen up to 10 percent over the past three years.

The housing market around the country is going through a change; what was a definite sellers market in many area has shifted to a more balanced real estate market and, in some cases, shifted completely to a buyers market. Many factors come in to play when determining the current real estate market conditions, but, one easily measurable statistic is to see if buyers are still in the market buying homes. The direct impact to a seller is that if the number of homes sold has remained steady, you can reasonably expect to sell your home if you price it properly and prepare the home for sale.

The market statistics show that number of homes for sale Atlanta GA, was around 3384 in January 2005, June was 7130 and in December it was 5460. The picture was little bit different in 2006 the figure for Ga homes in Jan was 3807, June was 7608 and in December it was 4907 recently the statistics have shown an upward swing 2.5% growth.