Why 2021 is the Perfect Time to Sell Your Atlanta Home
With the recent changes in the Atlanta real estate market, now is a perfect time to look into getting an offer and selling your home. Whether you have a real estate agent who is a friend of the family, or want to test out the waters by requesting an offer from a home buying company – now is the time to do so.
If you’re still on the fence about selling your home in Atlanta this year, here are a few reasons why it’s a great idea.
Atlanta Real Estate Prices
While 2020 was a difficult year financially in a lot of ways, the real estate market in Atlanta actually did very well last year. What’s even better is the fact that this trend is continuing in 2021. As a matter of fact, January 2021 saw a 1.0% increase in total residential sales and a 17.9% increase in average sale price from January 2020.
The real estate market changes all the time, and taking advantage of those changes is the best way to get the most out of a house sale. Thanks to the high prices of homes and high volume of sales in 2021, it’s a perfect time to sell your Atlanta home.
Low Housing Supply
Another interesting thing about the Atlanta real estate market in 2021 is the fact that the market has begun to favor the sellers even more than it previously did as things change. The Atlanta housing market has always had a larger demand than supply, but that’s becoming especially noticeable this year.
In January 2021, there were 8,133 listings for homes for sale, which is a massive decrease of 48.5% from January 2020. New listings have also been down, which means it’s difficult to meet the home-buying demand across the board.
The reason this is good news for you is that you happen to have the supply side of things covered. If you’re tired of living in the same old home or you simply want to make a profit off of your home investment, you can be sure there will be plenty of people interested in your Atlanta home in 2021.
One of the toughest parts about selling a home is getting the price you want. Oftentimes, buyers are in a good position to negotiate and get a better price on a home, leaving the seller with a smaller profit margin. However, that’s not the case in Atlanta in 2021.
In January 2021, the median price of a home listing in Atlanta was $345k. This is an 11.3% year-over-year increase, which means Atlanta home prices are in a great place right now if you’re looking to sell.
Finalizing Your Decision
Choosing to sell your home is a big decision, so it’s one you want to think hard on before making a concrete decision. Keep in mind that you will have to find another place to live, although that shouldn’t be difficult in Atlanta. It may also take a while to sell your home, but homes are spending less time on the market in 2021 than in 2020.
Ultimately, 2021 is the perfect time to sell your Atlanta home if you want to maximize your profit. Not only can you get a great price for your home, but you can use online tools to connect with real estate agents and make selling your home even easier.