3 THINGS TO KNOW... About Offers in an Extreme Sellers Market

3 THINGS TO KNOW... about offers in an extreme Sellers market
Eavesdrop on JMPartners
1: the highest priced offer isn't always
2: what buyers are saying that they're not meaning
3: what to do about it.
- higher earnest money
- shorter due diligence
- make it cash
- pay for the option (In GAR, 'right to request repairs' isn't what it sounds like)
LATEST ATLANTA MARKET STATS
Comparing February 2020 to February 2021:
_____________________
Most compelling...
$1m Plus market the Number of sales is up 32%
(from 90 in February 2020 to 132 in 2021)
&
Number of Listings in the $1m Plus market is down 26%
(from 1,244 in Feb 2020) to 896 in Feb 2021)
_____________________
Median Sale Price up 20%
$1m Plus market:
Median Sale Price up 10%
_____________________
Supply (months of inventory)
Supply is down 60%
$1m Plus market:
Supply is down 30%
_____________________
Number of Sales is the same
$1m Plus market the Number of sales is up 32%
(from 90 in February 2020 to 132 in 2021)
&
Number of Listings in the $1m Plus market is down 26%
(from 1,244 in Feb 2020) to 896 in Feb 2021)


Please subscribe and share with your friends who might be moving or who just want to keep up with the latest in the Atlanta residential market!
You can find us anytime online at jmpartners.io