Statistics abound in the real estate profession. It just comes with the territory, both at the national and local levels. However, active buyers and sellers shouldn’t put too much stock in generalized, high-level data about sales in an area because a home price and time on market can vastly differ from the average depending on several factors: time of year, the condition of the property and the exact location (even block). A home for sale next to the beltline, for example, isn’t going to fall in line with expectations for a listing 2 blocks away even though they both are in the same neighborhood.
But statistics are a good starting point for realtors to establish a baseline of research and understanding. Keller Williams does a great job of slicing and dicing Atlanta sales data, providing it every quarter to their agents.
For those of you interested in how the market is doing in general, please enjoy the chart I put together from median sales data for SINGLE FAMILY DETACHED HOMES in the 2nd quarter of 2017 compared to the same time last year. I look forward to any comments or questions you have!
Posted on 09/12/2017 at 09:08 AM
