August 2024 Newsletter

August 2024

Hi!

It's August! School buses will soon be rolling, and college football is about to kick off ... two sure signs that summer is wrapping up and fall is just around the corner. This month we're talking about:

Statistics Update: YTD through June 2024.
Back-to-School Tips for Success: Study spaces, sales, and good habits.
Staying Ahead of the Curb: Value-driven curb appeal ideas for the front yard, mailbox, front door, and house numbers.
Savoring Summer's End: August festivals, hikes, golf, food, and fun.
Looking Ahead to Labor Day: Weekend events and DIY party ideas.

If you know someone contemplating a move or wish to discuss the dynamic changes in the Atlanta real estate market, please reach out. I'd love to have that conversation. Wishing you a great month ahead!

Jana

Mid-Year Update: YTD Through June 2024
4 Metro Atlanta Counties

👋If your area is not here, or you would like to drill down further to zip code, city, or neighborhood, just reach out! I'm happy to provide it to you.

A SUMMARY FOR SELLERS: Even though the market still favors sellers, setting the right price for your listing is crucial. While home values continue to rise in many areas, the rate of increase is slowing due to higher mortgage rates dampening buyer demand. At the same time, the number of homes for sale is increasing, giving buyers more choices, and making it essential for your property to be competitively priced. This means that determining the right asking price is more critical than it has been in recent years. To avoid pricing errors that will deter potential buyers and prolong your sale, it’s important to work with a skilled agent who will leverage their expertise and market data to set a price that reflects current conditions so that your home sells quickly.

A SUMMARY FOR BUYERS: If you're ready to make a purchase, you might find that the latter half of 2024 offers a smoother experience. While challenges remain, many of the major obstacles you’ve faced are improving over time. Alternatively, you could wait. However, this comes with its own risks. As more buyers become aware of the market shift, competition could increase. Additionally, if mortgage rates decrease as predicted, more buyers may enter the market. Acting now allows you to capitalize on current conditions and stay ahead of the competition.