In Real Estate the word "inventory" describes amount of time it would take to sell EVERY available home on the market at that time.
As we were looking at the latest stats from GaMLS, we noticed that some of Metro Atlanta's biggest counties have unprecedentedly low inventory rates. Forsyth is at 3.62 months of inventory, Fulton at 3.58, Dekalb 3.03, Cobb 2.73, and Gwinnett at 2.85. Just as a point of reference, 6 months is considered a healthy and balanced market.
The buyers are out there looking and ready to buy, but right now there aren't many homes available for them. This is causing a bit of a sellers market in our area. Homes are selling quick and if priced correctly for list price and sometimes even more!
If you have been on the fence about whether or not now is a good time to sell, give us a call. We would love to discuss the market in your neighborhood and your particular circumstances, to see if maybe we can help you take advantage of this sellers market. Give us a call today at 678-546-7387.