The Atlanta housing market enjoyed a relatively strong first few months of 2023. Despite the hysterical click bait headlines from the national media, this market is not crashing and there is no reason to expect it will. A May 2022 to May 2023 look at key Atlanta housing market indicators demonstrates what we professionals saw; an adjustment to rising rates followed by a recovery.

Recovery in the sense of acclimation to the rate change and continued inflation. The interest rate bumps clearly reduced overall numbers but the remaining buyers tend to be more seasoned and appear to have adjusted. Sellers, while still in control, cannot simply put a price on a home and expect multiple offers. Competition remains in areas but sellers must be more accurate or…

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