Buckhead Stats 2023 vs. 2024

As a Realtor, one of the most common questions we receive is, "How's the market?" It's a question that requires a nuanced answer, especially given the current economic climate. Here's a snapshot of where we stand in the spring market of 2024 in Atlanta. 

• Market Stability: Despite ongoing economic turbulence, our market is on solid ground. Both buyers and sellers are adapting well to current conditions.
• Interest Rates:  As of now, rates have settled in the mid to upper 6% range, and while there may be fluctuations, the Fed seems likely to wait to cut rates. Could be into Q3 ’24. We still feel confident the cuts are coming. 
• Buyer Activity: Buyers remain active in the market. While some are waiting for rates to drop further, many are taking advantage of the current conditions and moving quickly when they find the right home. Being prepared and decisive is key for buyers.
• Seller's Market: Sellers with well-presented, accurately priced homes are experiencing strong competition and receiving multiple offers. Conversely, homes that are overpriced or poorly presented are struggling to attract buyers.
• Local Trends: While broad market patterns provide useful indicators, it's essential to analyze data specific to your immediate area and price point. Local markets can vary significantly, and understanding these nuances is crucial.

We are proud to be partnered with a leading real estate firm Ansley Real Estate Christie’s Intnernational that  is  outperforming the local Atlanta market in closed volume, pending sales and new listings.  Ansley is outperforming the market and a leader in the over 2 million dollar price point.

Discover an in-depth analysis of the current Buckhead market, showcasing favorable conditions for sellers. With fewer days on the market and an increase in home sales compared to 2023, this detailed summary provides valuable insights for both buyers and sellers.  Buckhead Current Market Stats Here

In summary, our market is navigating the challenges better than most. With the right approach and understanding of current conditions, both buyers and sellers can find success in today's real estate landscape.