Low Real Estate Inventory Extends to Foreclosures

Alpharetta and Woodstock real estate newsForeclosure real estate transactions fell to their lowest levels in over 6 years as of April, showing that the low inventory of homes for sale extends even to distressed properties. Foreclosures are down 23% from a year ago, and the low inventory is helping drive prices up. In fact, home prices were up 10.5% in March over the previous year. Low-priced foreclosed homes are no longer a threat in the market, and real estate agents are actively looking for homes to list, as both foreclosures and regular home inventory remain low, driving high demand.

While the housing inventory shortage certainly makes it a good time to sell Alpharetta real estate, the current market conditions are good for buyers as well. The current mortgage interest rates are well below what they were this same time last year, a 40-year low that makes locking in to a fixed-rate mortgage a wise choice in this housing market.

Whether you are buying, selling, or need assistance with a short-sale or foreclosure, it’s important to have a Realtor you can trust. At The Premier Group/Keller Williams in Woodstock, GA, our experience ranges from consistently managing and closing short sale and distressed properties, to marketing and selling high end homes in Alpharetta and Woodstock. Learn about how short sales compare to foreclosures, or read more about pricing your home to sell in Atlanta’s low-inventory real estate market.

When you decide to sell your home or purchase a home, don’t hesitate to contact our Woodstock real estate agents. We are dedicated to being the most qualified specialists that you can turn to for all of your real estate needs.

 

image courtesy mrpuen via FreeDigitalPhotos.net