Updated commentary on trends in each of the top zipcodes in North Atlanta.

These charts represent an index that combines the prices, inventory and days on market to arrive at an index number. Index numbers give you just one statistic to watch and makes it easier to grasp trends over several markets. Higher than 30 and it is a “seller’s market” lower than 30 and it is a “buyer’s market”. While the indexes confirm that we are still in a buyer’s market, note the trend for each of these top zipcodes.

For more in-depth analysis by zipcode sent directly to you every week. Let us know and we will be glad to include you on our personalized eblast list.  These are customized to the areas you are interested in and can include actual sold data and days on market for each transaction.

Only a few weeks away from total finish, this beautiful home is the creation of Virginia Wagener of Homes of Elegance LLC.  Virginia has used her considerable talents and eye for detail to create a masterpiece in the sought after community of Heathermoor in East Cobb.  The area of East Cobb County has long been know for having some of the best schools in Atlanta.  Recreation options at the Chattahoochee River, shopping and dining are minutes away in historic downtown Roswell and the boutique shopping district, The Avenues of East Cobb. 

According to Altos Charts the Market Action Index (MAI) illustrates the balance between supply and demand using a statistical function of the current rate of sale versus current inventory. Residential house prices are a function of supply and demand, and market conditions can be characterized by analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyer’s Market zone for a long period, prices are likely in for a downward correction.

A Market Action Index (MAI) value greater than 30 typically indicates a “Seller’s Market” because demand is high enough to quickly gobble up available supply.  A hot market will typically cause prices to rise.  MAI values below 30 indicate a “Buyer’s Market” where the inventory of already-listed homes is sufficient to last several months at the current rate of sales. 

A cold market will typically cause prices to fall.  On the real time charts that we have displayed on this site we have selected the four zipcodes in Atlanta that cover the Buckhead market. 

In addition we have isolated the top quartile to track.  The top quartile is the top 25% of sales in each area. 

We are also providing charts in real time for Vinings, East Cobb and Roswell with the 7 day average and the 90 day average both illustrated.  For a detailed report that shows price per square foot, days on market, average selling price and current inventory levels contact us and we will send you an executive summary.  In addition we compile a ten page extensive report for each of the ten zipcodes in those areas.  Contact us for you copy.  Download this sample of the Vinings 30339 Market Update to view a report.

We have created charts that track the last seven day moving average for sales price and inventory count in ten of Atlanta’s top zipcodes in Buckhead, Vinings, Dunwoody, Sandy Springs, Roswell and East Cobb.  These are dynamic and change once a week.  In addition to  the seven day average you will see the 90 day average tracking behind it.  Note the relationship between the amount of inventory and the selling price.  We will be continuing to add custom charts including one that tracks only the top quartile in each of those area’s. 

This link: Altos Zipcode Charts for Inventory and Price in Atlanta’s Top Tier Neighborhoods will get you to those charts but for a more detailed analysis by zipcode sent to you once a week that offers 10 pages of information specific to that zipcode just email us at cheririley@atlantafinehomes.com

This is a good reference point for determining where the numbers are heading in a given area.  The benefit for a buyer would be help timing an offer.  A seller would benefit when timing a price adjustment.