The Georgia Realtors Association just released April housing data. Overall, trends for April 2017 vs. April 2016 point to lower supply as inventory levels declined 16% to 35,749 units and new listings decreased 7.5%, resulting in a median sales price increase of 7%. Based on current absorption rates, the months supply of inventory is down 24% to 3.5 months.
Newport Realty Associates, LLC is a full service residential real estate firm based in Alpharetta, Georgia
I often hear people refer to their agent as “my realtor” or say they are thinking about getting their “realtor’s license”. For the record, all realtors are licensees, but not all licensees are realtors . . .
It’s a really competitive market right now for buyers, so agents are using every resource to give their clients an advantage. One of these is the “love letter” that buyers often provide with an offer . . .
In this crazy market it’s not unusual to hear about a home that sold just a few years ago selling again for considerably more money. So if you’re lucky enough to be in that position, do you have to pay taxes on the gain?
