3rd Quarter Atlanta Market Statistics - Video

The 3rd quarter is over and it was not great - but not really worse than most analysts expected. During the second quarter (and before the statistics were complete), many of us thought that we would see year over year increases in sales volume, but those numbers were more heavily influenced by the tax credit than was factored in to many of the early interpretations. It now looks like we will end up a couple percent down in sales volume and 5-6% down in sales price. ANother significant statistics for real estate here localy is that for the first time, RE/MAX is no longer the number one real estate company in Atlanta. Keller Williams surpassed RE/MAX in the number of closed sides of real estate transactions. Congrats to all of us at KW in Metro Atlanta!

While the numbers look down, the truth is that it is marginal- more sideways really - and not as bad as the bottom (January 2009). There is a chance still that we may set a new bottom in January or February of 2011, but in the bigger picture it will be more accurate to say that we are really just continuing to drag along the bottom. The actuaries can come back later and pinpoint the exact moment of the day, week, month and year of the bottom because if that is what you are looking for before you buy a house then you have miscalculated how to avoid risk in the real estate market. I'm not saying go blindly into your next purchase - only that we are at the bottom and it's not possible to judge the exact moment although it is probably a safe assumption that if you buy right now you aren't likely to see significant equity increases based upon appreciation in the next 2-3 years. On the other hand you aren't too likely to lose money if you work with a competent professional to help navigate the minefield that is the current market with lots of great opportunities and lots of really bad ones! Sorry for the digression....below is the video (I'm still working on some technical qualities, but this is pretty decent). It's about 10 minutes long...

3rd Quarter Metro Atlanta Market Statistics 

 

Discussion

#1 By Carl at 6/22/2017 4:12 AM

No one can tell where the bottom will be, you have to take other factors into consideration such as is the time right for you to buy and what is the interest rate like.

#2 By Beverly Mau at 6/22/2017 4:12 AM

I like this blog, I have been checking out this entire website for months now, and will keep popping up because it is so darn easy to navigate and I get the information I'm looking for very easily. I've seen this website grow and develop and the whole site is really, really nice...never mind that I have to log in to view what I want to view, it's a small price to pay to access this information. If you have a Facebook Fan Page, I would add a "like" button to enhance this site's Social Media Optimization. If possible, I would add a "retweet button" as well, just my opinion.

#3 By Jeff at 6/22/2017 4:12 AM

Great news to hear that despite the plunging economies left and right, the real estate sector is doing one hell of a job, especially in Atlanta. Great blog and I'll be bookmarking this site for updates.

#4 By Brent Mitchell at 6/22/2017 4:12 AM

Great to hear about passing ReMax in Atlanta! The business model is solid and will thrive in any economy, not just a good one. Regarding finding the bottom of the market, once you think you've hit bottom, it's already on its way back up. Meaning, now is as good a time as any to buy; just make sure you use an agent that is up to date on the current market.

#5 By Green Bay Greg at 6/22/2017 4:12 AM

Ryan,

Love that your incorporating video into your site now. That's right up my alley great job man keep it up!

#6 By jay at 6/22/2017 4:12 AM

I guess you just have to make sure you buy at the right price. Since its a buyers market now sellers are very flexible and there are too many foreclosed props on the market to choose from.

#7 By David at 6/22/2017 4:12 AM

There is much truth to what you have to say. Q3 was not necessarily something to be desired, but at least one will not get themselves into too much trouble by buying a home right now. Recovery in this industry will take some time, but when it comes back it will be unreal.
I have been with KW for about a year now and their systems are amazing. I can see how they are taking the Realtors by storm.

#8 By Steve at 6/22/2017 4:12 AM

Neil's right about buyers using common sense, but unfortunately common sense isn't too common!

#9 By Jolenta Averill at 6/22/2017 4:12 AM

Nice job with the video blog, Ryan. And Congratulations on surpassing Remax in sales in metro Atlanta to grab the #1 spot!

#10 By Josh Lavik at 6/22/2017 4:12 AM

Congrats on KW atlanta moving to the top spot. I recently made the switch to KW in Madison Wisconsin this summer and it's been going great so far.

Happy selling!

#11 By Robin Sherman at 6/22/2017 4:12 AM

Nice use of the video on your blog Ryan. We are beginning to see some of the pent up demand working it's way into our Northwest Florida market. Even with the Gulf oil spill's impact, our team was able to double our 2009 production by helping buyers find undervalued properties. Let's hope that we continue this trend through 2011.

#12 By [email protected] SC Real Estate at 6/22/2017 4:12 AM

The market has been slow down here on the coast this fall as well. We did have quite a spike of activity in October but has slowed since. looking forward to January and the spring. Did sell a waterfront lot at a great price to an Atlanta resident.....so send those folks from Atlanta down here to Beaufort and I will be sure to take care of them (And you too)!

Thanks, Russ
Broker-In-Charge

#13 By S Pearson at 6/22/2017 4:12 AM

Hi Ryan, Just wondering if you ever get a response to your videos and if posting them on Youtube is driving clients to your website?

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