JANUARY MARKET MINUTE
“I feel better about the market than I ever have.” ~ WESLEE KNAPP, PRINCIPAL BROKER, JANUARY 10, 2020
A STRONG ECONOMY LEADS A STRONG HOUSING MARKET
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$2 million US jobs created in 2019 Unemployment at an all-time low Stock market at an all-time high
NAR FORECASTS A STRONG MARKET IN 2020, DUE IN LARGE PART TO POSITIVE ECONOMIC INDICATORS.
NAR 2020 MARKET FORECAST
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New Home Sales = 750,000 (+11%) Existing Home Sales = 5.6 Million (+4%) Median Home Price = +3.6%
NAR CHIEF ECONOMIST, LAWRENCE YUN, PREDICTS CONTINUED GAINS, ALBEIT MORE MODERATE, IN MAJOR MARKET INDICATORS IN 2020.
AVERAGE SALES PRICE # UNITS 251 6.80% CHANGE
DOM 66 13% CHANGE
$495,564 1.60% CHANGE Keller Knapp provides the monthly market report using data compiled from FMLS.
DECEMBER 2019 MARKET REPORT
“Not only has the December 2019 Atlanta-area housing inventory increased from last year, but average and median sales prices continue to rise and outpace 2018's figures. The steady rise in value is an indication of strong continued demand and is great news for homeowners, whose largest investment is often their home.” ~ Jennifer Pino, 2020 ARA President
CLOSER TO HOME, ATLANTA STILL A STRONG MARKET
• $440 Million in Total Sales. • 1,263 Homes Sold. • 138 agents in 4 metro Atlanta offices. 2019 AT-A-GLANCE
• 24% of our agents were Atlanta Top Producers in 2019. • 10% of company profits given back to the community. Always.
LOCAL REAL ESTATE EXPERTISE… LIKE ONLY A NEIGHBOR CAN.