THE HATCHER REPORT 2021 YEAR IN REVIEW A MONTHLY HOUSING MARKET REPORT BY SOVEREIGN REALTY + MANAGEMENT
The Atlanta REALTORS® Association (ARA), the largest association of its kind in Georgia, has released its December 2021 Market Brief on residential housing statistics for 11 area counties in metropolitan Atlanta. Let me be honest, I was not thrilled about those numbers but I am committed to doing something about it. First, the Atlanta market is hot and it’s a great time to buy and sell real estate. The reason I’m not thrilled is because with inventory numbers this low, the pressure on price will continue to increase which limits our diversity of housing stock and inability to build mixed income communities. Mixed income communities allow for everyone, such as teachers, police officers and small business owners to live in the communities in which they work and play. The market cycles we’re used to seeing are now less pronounced. Historically, there was a window of opportunity for buyers in November and December where inventory had a longer shelf life and buyer activity cooled slightly. But that just wasn’t the case for 2021. In fact, inventory dipped further in December to the lowest on record at a single month of supply.