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August 2024 Update: North Atlanta Housing Market Trends

Buyer | Seller

August 29, 2024•2 min read

I’m here to give you the latest scoop on the housing market in the North Atlanta Suburbs, especially Cherokee County. I’m Bonnie Lelak with eXp Realty.

Increased Inventory: A New Trend

After a couple of post-pandemic years of low inventory, we're finally seeing more homes hit the market. According to Zillow, this summer has brought a wave of new listings, up 13% from last year's low supply. Many sellers are jumping back into the market, even if they have lower locked-in mortgage rates, because life events like marriage, divorce, and job relocation are prompting them to move.

What This Means for Buyers and Sellers

So, what does this mean for you as a buyer or seller in Cherokee County?

For Buyers: The increased inventory means less competition and a better chance of finding a home without the fierce bidding wars we've seen. Prices are still rising but not as sharply, which is great news if you're looking to buy.

For Sellers: You still have the upper hand since new listings are 23% lower than pre-pandemic levels. Plus, we're starting to see more price improvements on homes that have been on the market for a while, so it's a good time to negotiate.

Why Working with an Experienced Agent is Key

Working with an experienced agent is more important than ever to navigate these changes. My team and I are here to help you strategize your next move, whether you’re buying or selling.

Get in Touch for More Information

Reach out to us for more information on the current inventory and prices in your area. Thinking about buying or selling a home but don't know where to start? 🤔🏠 Just comment "buyer" or "seller" below, or DM me, call, or text me at 404.788.2580.

We’ll direct you to our comprehensive virtual seminars. It’s your first step towards making informed, confident decisions! Let’s make your home buying and selling dreams a reality for you!

I’m Bonnie Lelak, with the Lelak Real Estate Team and eXp Realty. And remember, we love bringing people and homes together.

North Atlanta SuburbsCherokee CountyHousing Market UpdateHome inventoryreal estate trendsBonnie LelakeXp Realty

Bonnie Lelak

As your lifestyle expands, so does your need for space. There’s no better feeling than moving up to a new home that is suited for your latest needs and desired lifestyle, but you understand that the selling process can be challenging, and you want to make sure you sell within a reasonable timeframe without stressing yourself out. When you’re ready to sell your home, one of the last things you want to feel is overwhelmed—since most of us already have too much on our plate. Selling a home and preparing to move up to your next one involves a lot of details and small steps, that if not handled proactively, can easily result in a stressful transaction, or worse, you walking away with less than you deserve. There are many real estate agents out there. Some of them just click a few buttons and hope the internet does the rest. You deserve so much better than that. You deserve the guidance of an expert who will ensure you get amazing, inclusive service from start to finish…an expert who will streamline the process and can make it as seamless as possible.

Back to Blog

August 2024 Update: North Atlanta Housing Market Trends

Buyer | Seller

August 29, 2024•2 min read

I’m here to give you the latest scoop on the housing market in the North Atlanta Suburbs, especially Cherokee County. I’m Bonnie Lelak with eXp Realty.

Increased Inventory: A New Trend

After a couple of post-pandemic years of low inventory, we're finally seeing more homes hit the market. According to Zillow, this summer has brought a wave of new listings, up 13% from last year's low supply. Many sellers are jumping back into the market, even if they have lower locked-in mortgage rates, because life events like marriage, divorce, and job relocation are prompting them to move.

What This Means for Buyers and Sellers

So, what does this mean for you as a buyer or seller in Cherokee County?

For Buyers: The increased inventory means less competition and a better chance of finding a home without the fierce bidding wars we've seen. Prices are still rising but not as sharply, which is great news if you're looking to buy.

For Sellers: You still have the upper hand since new listings are 23% lower than pre-pandemic levels. Plus, we're starting to see more price improvements on homes that have been on the market for a while, so it's a good time to negotiate.

Why Working with an Experienced Agent is Key

Working with an experienced agent is more important than ever to navigate these changes. My team and I are here to help you strategize your next move, whether you’re buying or selling.

Get in Touch for More Information

Reach out to us for more information on the current inventory and prices in your area. Thinking about buying or selling a home but don't know where to start? 🤔🏠 Just comment "buyer" or "seller" below, or DM me, call, or text me at 404.788.2580.

We’ll direct you to our comprehensive virtual seminars. It’s your first step towards making informed, confident decisions! Let’s make your home buying and selling dreams a reality for you!

I’m Bonnie Lelak, with the Lelak Real Estate Team and eXp Realty. And remember, we love bringing people and homes together.

North Atlanta SuburbsCherokee CountyHousing Market UpdateHome inventoryreal estate trendsBonnie LelakeXp Realty

Bonnie Lelak

As your lifestyle expands, so does your need for space. There’s no better feeling than moving up to a new home that is suited for your latest needs and desired lifestyle, but you understand that the selling process can be challenging, and you want to make sure you sell within a reasonable timeframe without stressing yourself out. When you’re ready to sell your home, one of the last things you want to feel is overwhelmed—since most of us already have too much on our plate. Selling a home and preparing to move up to your next one involves a lot of details and small steps, that if not handled proactively, can easily result in a stressful transaction, or worse, you walking away with less than you deserve. There are many real estate agents out there. Some of them just click a few buttons and hope the internet does the rest. You deserve so much better than that. You deserve the guidance of an expert who will ensure you get amazing, inclusive service from start to finish…an expert who will streamline the process and can make it as seamless as possible.

Back to Blog