Northlake Market (Atlanta 30345) Starting to Find Some Balance

The Northlake Market (Atlanta 30345) starting to find some balance

Northlake Market (Atlanta 30345) starting to find some balance as there are now more buyers than sellers.  Inventory is dropping.

In a recent press release the National Association of Realtor’s Lawrence Yun made comments which provided some encouragement to anyone who has been trying to sell a home in what has been a challenging marketplace.

Mr. Yun implied that the market was starting to reach some balance.  He qualified this bysaying the balance (supply more in line with demand) was occuring only in some geographic markets and in some price ranges (hint: lower end of the price scale).

Take a look at his actual comments:

“Lawrence Yun, NAR chief economist, said the figures reflect greater home sales activity at lower price points. “Sales have risen strongly in lower price ranges from one year ago, while sales at the upper end remain sluggish,” he said. “More importantly, we’re seeing a consistent trend of declining inventory, which means supply and demand conditions are becoming more balanced in more areas, which will help stabilize home prices.””

The Northlake Mall neighborhood of Metro Atlanta has started to see some balance in supply and demand.  There are fewer listings on the market, especially quality listings.  And we are starting to see good movement of houses on the lower end of the pricescale (under 275,000 in particular).

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