Metro Atlanta home prices rose for the fourth consecutive month in July as historically low inventory and increased demand (the number of home sales in the first seven months of 2012 were the most in five years) have created a seller’s market. The current sales-to-list price ratio (95%) is the highest since the peak of the housing market in 2006 and the total days on market is lowest since the local MLS began tracking the statistic nearly 20 years ago. Top performing areas of Atlanta include Buckhead Northeast including Chastain Park, East Cobb, Morningside/Virginia Highlands and Midtown (condos). Also in this issue: a comparison of home price performance under each president since the 1960s and clarification on the new investment tax set to be implemented in 2013.
