The Atlanta average home sales price reached an all-time high in July! This is an enormous milestone which comes seven years after the previous high in July 2007. The average is up 41.3% from the bottom of the market in 2011. The lack of housing inventory supply is the main reason prices have risen so far, so fast, although inventory is up more than 20% from two years ago. We compare the run-up in Atlanta home prices to the run up in the New York Stock Exchange and find that real estate is still the better value. We also explore key findings from the National Association of Realtors’ recent report on international home buyers, including the fact that less than 2% of homes in Georgia are to international buyers. We compare international real estate affiliations and find that Beacham and its Leading Real Estate Companies of the World partners outsell its Atlanta Fine Homes and Sotheby’s International Realty competitors by 11 to 1.
