3 Things Buyers Need To Know About The Current Market

3 Things Buyers Need To Know About The Current Market

Are you considering purchasing a home?  If so, below are three key things to consider about the state of the current real estate market in north Metro-Atlanta.  

1. With only 2.4 months of inventory in the current market, we have a strong seller’s market.  Buyer's need to act fast and put in strong offers to acquire properties.   

2. Interest rates are extremely low compared to historical rates but they are on the rise. Buyers should act quickly before rates continue to rise.  Small increases in the interest rate can cost a buyer tens of thousands of dollars over the life of their loan.

3. Homes in north Metro-Atlanta (specifically Cherokee county) appreciated at a staggering 9.8% over the last year, which is extremely strong appreciation.  Buyers should look to make a purchase decision relatively soon before home prices continue to rise.  Purchasing in a strong growing market is great way for buyers to gain quick equity.

Review the three supporting charts below to see the actual data for the current market in Cherokee County.  If you have questions or need help with your home search, please reach out to us at 678-888-3438.

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Greg Sanders Headshot
Phone: 678-953-2688
Dated: April 13th 2017
Views: 4,982
About Greg: Greg Sanders is the CEO of The Sanders Team Real Estate. Greg has over 15 years experience tech...

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