Tale of 3 Markets

Pended Activity so far in April

• Under a Million – Up 1.1%

• 1 – 2 Million – Up 13.3%

• Above 2 Million – Up 14.8%

Lesson?

• The South and Atlanta more specifically are bucking national trends when it comes to existing home sales and home prices

• Inflation drives Interest Rates

• There are ways to anticipate where rates are headed and therefore future Buyer/Seller activity

• Interest Rates are driving home sales, not seasonality

• It’s a Roller Coaster/Schizophrenic Market because it’s a “Have to, not Want to” market

• 45% of Homes have sold At or Above OLP in 2 weeks or less since 3.1.23

• General rule, if a listing has been on the market 4 weeks, most likely a pricing issue

• Real Estate isn’t just Hyper-Local