"Atlanta Home Prices Lower Than 2000" - USA Today
Posted by Brian Sims on Wednesday, March 30th, 2011 at 4:18pm.A front page article in this morning's USA Today Money Section showed Atlanta home prices have dipped below where they were in the year 2000 and have actually dropped an additional 7% from January 2010.
Nationally the real estate market hit bottom in April 2009, which is near where Atlanta also hit its low. Standard & Poors uses a 20-city composite index to measure the national market and currently the average price of a home is only up about 1.1% from record breaking prices in 2009. If we drop below those 2009 numbers, then we officially have a double dip recession in real estate.
So what does this mean for you? If you are considering a purchase, then now is the time to buy a home in Atlanta! If you are looking to sell, then get ready to make your house shine brighter than any other on your street and be ready to do a little negotiating.
Properties are selling every day, but the homes with most character and best prices are going first. If you're looking for an expert in the market and need advice on where to find the best deals currently available, then give one of our Hirsh Real Estate Specialists a call.
Feel free to browse our testimonials from past clients as well. We would love to earn your business!
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