Peggy Slappey Properties, Inc. (PSP) is a trusted real estate brokerage with 39 years in the metro Atlanta area. The brokerage has seen several ups and downs in the market over the years. Today’s market, however, looks a little different. Rising prices, low housing inventory, and huge demand could be leading to a generational shift in the area.
Real estate in the metro Atlanta area is hot. Homes are selling fast, often within just one day of hitting the market. It is now normal to be in a multiple offer situation with upwards of 20 or more offers. There are more buyers in the market than sellers, and new home inventory is continually playing catch up with demand. Agents are scheduling showings in 15-minute increments back-to-back for days on end. Homes
Real estate is moving fast in metro Atlanta. Homes are selling in record time, often on the first day listed. To navigate this fast-paced market, it’s more important than ever before to have an experienced, trusted listing agent on your side.
Getting the Right Price
Your listing agent will start with a current market analysis, using other homes in the area, your home’s unique features, and the latest market trends to determine what your home is worth. Because demand for homes has risen so quickly in 2021, it’s not uncommon to receive multiple offers far over asking price. But the baseline is still important. Setting an accurate starting point will determine how much money is in the seller’s pocket at closing.