Smyrna Vinings Home Market Update – April

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Smyrna Vinings Home Market Update

It’s time for the latest Smyrna Vinings home market update. In the table above, we have shown by zip code for both single family homes and condos the amount of homes currently active and resulting months of inventory.

Now that we’re quickly approaching the Summer real estate market in Smyrna Vinings, we typically see an increase in inventories as well as an increase in sales. The interesting thing to look for will be whether sales will outpace inventory increases as many sellers are content to stay put rather than try to sell in a tough market.

This past month in the Smyrna Vinings home market we had an increase in the number of active listings compared to last month and a small decrease in months of inventory to 13.66 months. We have 651 active homes in Smyrna Vinings compared to 631 in March.

Inventory is heavily weighted by new construction as well as the steady flow of foreclosures and short sales hitting the market. We’re continuing to see prices come down as a result.

New construction in this price point include Walker Street Manor, Morris Commons, Sherwood Park, Brookside Park, The Cottages at Market Village, West Haven, Cottages at Lois Pointe, Woodbridge Crossing, Medlin Place, Vinings Estates, Stonehaven at Vinings, Stonecrest Manor, The Estates at Ellis Wade, Kensington Green, West Village, Spring Street Village, Rileys Walk, Walker Street Cottages, Collier Place, Concord Lake Village, Cottages at Parkview Village, Barnes Mill, Collins Lake Estate and Wakefield Estates.

After a 3% decrease in condo listings last month, there was a 1% decrease this month. The Smyrna Vinings condo and townhome market, decreased by 3 units over last month, with a total of 330 units now on the market compared to 330 in March. Months of inventory have decreased to 14.78 months, which still has a way to go to get back to a healthy market.

Economic news has improved interest rates dramatically. Downward movement of rates signal a great buying opportunity.

If you’ve thought about selling your home, be sure to contact us. While the statistics aren’t great, homes are still getting sold. However, now more than ever, it’s imperative that your home is positioned properly in the marketplace. If you have any questions on how best to do that, don’t hesitate to contact us.

Click here if you’re ready to begin your Atlanta home search.

The H2 Realty Group is exclusively partnered with Keller Williams Realty, the third largest real estate company in North America (according to REAL Trends). The H2 Realty Group provides services to home buyers and home sellers in the north metro Atlanta area including Smyrna, Vinings, Buckhead, Midtown, Brookhaven, Marietta, Mableton, Kennesaw, Sandy Springs, Roswell, Alpharetta, Duluth and Norcross.

All tools and resources can be accessed at www.H2realty.com.