She notes, "Interestingly enough, sellers aren't having much trouble getting their listing price either. The July 2005 sales-to-list price ratio was 98.2 -- not bad at all. Increasing at a comfortable rate, the average price of condos and townhouses is up 2 percent from last year. Single family homes appear to be holding steady, with a market time of about 71 days. And new construction is brisk, one Atlanta broker stated that builders can't produce homes fast enough. This strong demand is creating a non-negotiable, sellers market in the new construction sector."
He continues, "There is plenty of evidence that our leaders and citizens will rise to the challenge of welcoming new residents while maintaining and improving our quality of life. Future area transportation projects include funding for commuter rail to encompass surrounding counties. And as a resident for over 18 years, I can safely say we all own a piece of this regions' future and together we can be build a better tomorrow."
Realtor Mardell Culley says that the "overall market conditions for Atlanta remain strong and vibrant for several different sectors including first-time homebuyers, buyers "moving-up" to the $200-$350K price range, and investors seeking to capitalize on historically low interest rates. With the current popularity of interest-only loans and competition among lenders, low mortgage rates continue to fuel the housing market and mutually beneficial deals are being negotiated for both buyers and sellers."
He adds, "Values under the $200,000 range are moving the fastest, with slightly more time added as the value increases. For the Northeast area, the approximate time on the market is four months for an offer and five months to close.
Realtor David Antonich notes, "The residential home market for the Northeast area of Atlanta has been neutral to slightly lower on resale homes for the last six months. Prices have softened from 12 months ago, and buyers can find more flexibility in the seller's terms.
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