Mon March 18, 2013
Atlanta Real Estate Market Rebounding
Real estate agents across metro Atlanta can now exhale.
The housing market in the capital of the Peach State, and its surrounding area, is rebounding.
Realtor.com reports in February most homes in metro Atlanta were selling less than 60 days after being posted. That's better than the national average, which is 98 days.
"Everybody knew that at a certain point that it had to turn around," says Brandie Miner, spokeswoman for the Georgia Association of Realtors.
She says after years of foreclosures and homes sinking under water, things are finally looking better.
"Last year we really saw stabilization of the market across Atlanta where the gains were small, but steady."
Miner says some areas in metro Atlanta aren't even hosting open houses, because many residences are going under contract faster than they can be promoted.
While the overall real estate market in Georgia is coming back to life, California is really rebounding. Eight of the top ten fasting moving markets are in the Golden State.