Atlanta Georgia homes for sale hits 100,000

The number of homes for sale in metro Atlanta exceeded 100,000 for the first time ever on Sunday, April 1, 2007.

One year ago, the number of homes for sale had just exceeded 80,000. The 20,000 increase in inventory from year to year comes on the heels of a slowdown in Atlanta new home sales which fell more than 13 percent in 2006. Atlanta resales were up four percent in '06, as they were valued at historically low levels compared to new homes.

While metro Atlanta has always been one of the most affordable housing markets in the world, the area is now especially appealing to buyers as the increased inventory of homes has created even more of a buyers market.

Housing forecasters like Steve Palm with Atlanta-based Smart Numbers predict positive sales growth will return by summer when comparisons are made to last year’s third and fourth quarters.

Metro Brokers/GMAC Real Estate, established in 1979, was recently named the largest real estate service provider in Georgia for the fourth consecutive year by Real Trends. Metro Brokers has 23 metro Atlanta and north Georgia offices and offers a wide range of real estate services including residential and commercial sales; pre- and post-license training; corporate relocation; new home sales and marketing; and insurance, mortgage and title/closing services.

The company is the largest GMAC Real Estate franchise in the world and has more than tripled in size over the last five years with more than 3,200 licensees, making the company the largest license holder in the state of Georgia. Metro Brokers is also the number one selling broker in metro Atlanta and north Georgia.

To contact Metro Brokers, call 404.843.2500 or visit metrobrokers.com.