A new study from the Atlanta office of MetroStudy has shown that the Atlanta residential real estate market may have hit the bottom. This would be good news for all home owners and anyone trying to sell their home.“Atlanta’s housing market has hit a bottom,” said Eugene James, director of Metrostudy’s Atlanta division.
“Almost all housing indicators have reversed and are now heading in a positive direction. Finished inventory has been reduced to a level where builders have been forced to resume building new homes.”
This September, Atlanta’s finished inventory was reduced to about 11,000 units, which is a 37 percent decline from September 2008 and a 48 percent decline from September 2007, according to Metrostudy.
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