According to Realtor Magazine, a joint report released by the U.S. Census Bureau and U.S. Department of Housing and Urban Development shows home sales dropped by 6.1 percent in the South in June, but the greatest number of new homes was sold in the South in June.
Nationwide, new-home sales inched up 0.8 percent in June. Indeed, it seems like new construction seems to be popping up all over the metro Atlanta area, but the report notes that the inventory of new homes is tight and the discrepancy in sales of existing homes is also largely due to lower inventory levels.
What does this mean for you if you’re considering selling your home? It could be good news! Lower inventory can mean a better seller’s market. If you’re considering selling your home in 2017, knowing the latest data and trends in your neighborhood can make all the difference. Find out how many potential buyers are looking for a home just like yours AND get 3 home value estimates (including a Zestimate)! Check out Berkshire Hathaway’s new home value estimator: Buyside. It’s free and instant; try it today!