I Want You to Have all the Data I Have.. After all, Knowledge is Power, and I Believe You Shouldn't Be Left Behind.


Here is my main gripe with real estate data in almost every capacity. It is compared on too short of a time horizon. Let me preface by saying, all data is useful in some aspect, but not all is made equal. Real estate is a looooong term game. It is historically boring & mundane, no get rich quick scheme here. 


Lets start with inventory, as its the one I hear about the most

Here is a 10-year chart measuring the months of inventory available on the market in the major Metro Atlanta counties. As you can see, the past two years have been a complete anomaly, so I am going to focus on the long-term trend. Inventory tends to spike in Q4…

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JOBS, The Ever So Important Four Letter Word... It's Effect on Demand is Paramount.

Let's talk JOBS. You know that thing where you work for a company or yourself to pay your bills. They are mega important in any market. Here is a quick background into investing. If your picking an area to invest in, you generally look at the population growth(is it growing or shrinking), the labor market (is it strong, is there growing employment), and how is the crime in said area. The leading factor in most of those metrics, JOBS!!


Atlanta developers have delivered almost 9 Million square feet of new warehousing space in Q3 throughout Metro Atlanta. This is the most completed in a single quarter in history. If you think that is impressive, it is unmatched to…

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Atlanta (& Metro) Q3 Numbers Hold Steady.. All While Inflation Numbers Come In Above Expectations, Further Fueling the Headlines..

The Atlanta Market as a whole showed resilience in Q3 compared to the prior quarters. Especially considering the many negative macro factors at play. Inventory picked up primarily as a result of less excess demand. While the amount of FOMO sellers has increased, most of the increase in the "Months of inventory" metric comes from lessened buyer demand. Finally, Home pricing has fallen slightly QoQ, to be expected considering the rise in interest rates from the prior quarter.

 

Something to keep in mind:

It is important to look at certain metrics when determining the strength of the area you live or plan to live…

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September Market Numbers Are Out..Not What We Were Expecting

 

September was a month full of fear, uncertainty, and doubt aka FUD throughout markets across the world. Between interest rate hikes, to war in the east, we are getting whacked with more and more FUD every day. 

Let's take a look at the month over month numbers to see how it affected us here in our local market. Remember, real estate is very LOCALIZED.

September Data 2022:


  • Average Closed Price is up from $534,257 to $539,406
  • Number of New Listings Remained Fairly Flat, Only Down by 200 Listings 
  • Months of Inventory Came Up From Just 2.9 Months to 3.5 Months 
  • Total Days On Market Went From 16 to 18 Days

 

Let's digest this. Like we…

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