2021 was a banner year for the housing market and according to the Atlanta Realtor’s Association it is not going to slow down anytime soon! Despite the concern for rising interest rates or the slow down in winter months the market is predicted to stay strong. The only obstacle for 2022 appears to be a shortage on homes so get your hard money loan now to set you apart from other buyers!
An 11Alive viewer asked our team if the housing market here is cooling off anytime soon?
Our team went to the experts to verify.
Is Atlanta’s housing market cooling off anytime soon?
Experts predict the housing market will not be calming down in the near future.
- The Atlanta Realtor’s Association
- Joey Tucker, president of The Georgia Association of Realtors
WHAT WE FOUND
The year 2021 marked a banner year for home sellers and continued to outpace 2020’s figures, according to the Atlanta Realtors Association.
The group said the median sales price in November last year hit $372,000, which is an increase of 21% from 2020. The average sales price went up 19% from the previous year.
But what about this year?
“It is not cooling off,” said Joey Tucker, president of the Georgia Association of Realtors.
Tucker said the threat of rising interest rates or the traditional lull during winter months is not a factor in 2022.
He said the struggle is real for buyers searching from homes right now. Call us now to get a hard money loan quote!