What can we expect in the 2024 Atlanta Real Estate Market?

The Atlanta real estate market is poised for an exciting year ahead in 2024, and if you're a prospective buyer or seller, now is the time to pay attention! There are two major factors we have our eyes on right now and both require some extra preparation on your end…

The Impact of Lowering Interest Rates:

The Federal Reserve's announcement to lower interest rates multiple times in the upcoming year, although no guarantee, will likely have an impact on mortgage rates. For eager homebuyers who have been patiently waiting for more favorable rates, 2024 could be the year you’ve been waiting for! On the other hand, lower interest rates will likely result in a surge of buying activity. With more buyers entering the market, competition for desirable properties is expected to intensify.

Our recommendation? START NOW! It takes about 3 months to really get the process going from pre-approval to closed.

Early Start to the Spring Market:

Get ready for an earlier-than-usual start to the spring market! Traditionally, the spring market starts in the second week of February or around the time of the Super Bowl, but we expect to see the spring market kick off in the second week of January. This shift in timeline has implications for sellers, requiring them to initiate discussions sooner than later.

Sellers: the time to start preparing your house for sale is now!

Whether you're aiming to capitalize on lowered interest rates as a buyer or planning a strategic sale in the early spring market as a seller, early engagement with real estate professionals is the key to navigating the shifting and dynamic landscape!

Please reach out to us to book an appointment to discuss your real estate goals so we can get ahead of the game!