When will the tides turn?

Dispite the myths and notions of a looming "market crash" I do not see one coming anytime soon. Atlanta Real Estate is vibrant and demand is still strong. As I like to say, if you're waiting on everything to be perfect, you'll be waiting forever. 

So, in an attempt to answer the question at hand, when will the tides turn? The better question is when will we will start to see a shift. Much like anything in life the Real Estate market flows with consistency. Therefore, before any tide turns, you will see little hints of momentum swings. 

One of those momentum shifts will come in the form of longer "days on market". This indicator is important for a few reasons. First, it indicates how strong the buyer demand is. Second, it's usually a bench mark for listing agents when consulting their clients on performance expectations with heavy emphasises on the listing price. Third and finally a higher "days on market" count will make a seller more likely to negotiate in favor of the buyer since, they want to keep the amount of "days on market" as low as possible. 

Simply put, start watching the days on maket. The higher they go, the more of a shift in momentum is happening. Currently as of writing this blog, the current "days on market" in the Atlanta Metro is Down to 21 Days from 24 Days in October 2021. This data is for the price range of the current medium house price in Atlanta.

2022 is sure to be a exciting year for the Real Estate market here in Atlanta especially when you look at theamount of scheduled completion of all of the new construction projects ongoing. So, buckle up for the ride!