How’s the market?
The Market Action Index continues to decrease, heading towards a more balanced market. Currently, it sits at 46, down from last month’s 48, with sellers still maintaining an advantage over buyers.
How are list prices?
The median list price of homes on the market has come down from the previous month, decreasing to $410,000, down from $415,000 last month. This is due to seasonality and continued higher interest rates.
What about mortgage rates?
Mortgage rates remained in the mid 7% range in August, hovering Mortgage rates remained elevated in September, hovering around the 7.5% range at the beginning of the month. Many experts agree that rates are likely to remain in the mid to high 7% in the immediate future, showing no relief in sight for buyers.
Learn more & ask questions
Path & Post Team continues to be a leading producer in North Atlanta with over 1,300+ 5-Star Reviews on Zillow & Google. We love talking about the local market and are always eager to answer your questions. Always speak to a real person at (770) 720-4663.
You can also get real-time market data by visiting pathpost.com/reports