Athens Real Estate Market Report Q3 2021
“Despite inching back to a more normal market, we expect that the inventory shortage will persist through Q4.”
– Sarah Ellis, Broker, Corcoran Classic Living Real Estate
Analysts believe that the fourth quarter of 2021 will see the Athens real estate market inching back to a more normal state. Typically this time of year, we see a seasonal slow down as consumers get into the holiday season and winter weather brings people back indoors. Many of the pandemic-instigated pressures on the industry will remain in place. However, so while things may calm, the waters will still be choppy.
According to the Georgia Association of Realtors, new listings have increased five percent, but the months of supply of inventory remains down. Pending sales were up for all property types in all price ranges with the exception of properties less than $124,999. This is likely due to a lack of inventory of housing in that price range. Locally, our market of houses above $1M boasts the most months of inventory. This gives our highest end buyers the greatest breadth of inventory to choose from.
For more information on the Athens real estate market, contact a Corcoran Classic Living Real Estate agent to learn more or to request a complimentary copy of our Quarterly Market Report.