Recent contract prices show which listings are drawing serious attention right now.
If you are wondering why one home gets crowded and another sits, I would look at where current contract activity is happening. In Atlanta, GA, the typical asking price on homes that went under contract recently was $450,000, which is well above the typical asking price of active homes.
That gap gives buyers an immediate answer. Over the previous 30 days in Atlanta, GA, active homes carried a typical asking price of $360,000, while newly committed homes were typically listed at $450,000. A typical sale closed at $410,000, so the most competitive part of the market is not necessarily the same as the broad active pool. For a buyer, the implication is straightforward. I would not assume every home has the same negotiating room just because overall supply stood at 4.61 months. Some listings are still pulling stronger commitment, and those homes need a cleaner, faster decision process from you. Rank homes before touring by how well they match recent contract activity. Prepare one assertive offer strategy for the strongest matches and one patient strategy for the rest. Supply stood at 4.61 months last month, so you have options, but not equal leverage on every property.
About Donald Maycott
Donald Maycott is a licensed Real Estate Professional affiliated with EXP Realty LLC, specializing in the Atlanta market. With a focus on strategic marketing and deep local knowledge, Donald Maycott provides clients with expert guidance in navigating complex real estate transactions. View full profile →
