Yes, you read that correctly. MarketNsight has released May numbers and it shows that Atlanta’s pending home sales for the first half of May 2020 are up 18% over the same period last year. This information comes as a surprise to many people who believed that the Coronavirus epidemic would slow home sales. It was widely believed that potential sellers would delay entering the market due to anxiety about having so many people in and out of their home, and that potential buyers might put large purchases on hold due to apprehensiveness about the job market and economy.
Not all segments of the market have reported the same numbers however. The active adult market has seen a decrease in sales, while smaller starter home sales have seen the biggest increase. Overall however, sales are up and this is an exciting development for the real estate market.
For more information, check out the full article posted on the Atlanta Real Estate Forum website here!