Wednesday, April 14, 2021 / by Joel Madden
March saw 1,941 active condo and townhome listings, down 42% from the 3,349 active listings one year ago. Pending sales are up 75% over this same time last year, and closed sales from the prior 3 months are up 13% over 2020. With more demand and less inventory, average sale price is up 10.1% over 2020, and days on market are down to 35…. A 27% reduction over 2020.
Single family detached home sales are even crazier. March 2021 saw just 3,480 available homes in Metro Atlanta, down from 11,051 at this same time last year or a 68.5% reduction! Pending sales are up 25% and sold homes over the last 3 months are up 4.5% over 2020, to 12,019 closed sales. Sales prices are currently 15.% percent higher over this time last year, and days on market have dropped by 64%... to an average of just 18 days.
WHAT DOES IT AL; ...