We checked with some of the city’s top real estate professionals to get a clearer view of what to expect in 2019. They reported that things are stabilizing while staying strong. “The market has been self-correcting for the past few months — returning to more normal price/value conditions,” said Christopher Burell, Managing Broker and Chief Motivation Officer, Ansley Atlanta Real Estate, “and we anticipate the wild spikes in home values we’ve seen to continue to level out in 2019.” He explained that while some Intown neighborhoods have still experienced 8 to 12 percent increases, the metro Atlanta area overall has experienced an 8.7 percent increase in sales price, according to the November numbers provided by the Atlanta Realtors Association. As far as inventory goes, Burell said, “A steady stream of new condominium developments around the BeltLine corridor will certainly help fill the inventory void in the coming months.” However, he said he feels there will continue to be inventory challenges in many Intown neighborhoods through the beginning of 2020, though some suburban metro markets probably will see a quicker increase in supply to meet the market’s demands by the end of 2019. “I think inventory is going to level off,… Read full this story
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