Atlanta Area Condo Sales Rebound After Earlier Decline

The average sales price of a single family home in the metro Atlanta area during the past few months was more than 20% higher than the average sales price of a condo during the same time period. As more potential homebuyers opted for larger homes in the suburbs with space for a home office during the Covid 19 pandemic, interest in condos waned earlier in the year. Sales of condos dropped over 50% in the spring, but, as lower demand led to bargain prices, condo sales are now up over 20% when compared to a year earlier.

Looking for a new condo or single famly home in metro Atlanta?  Need to refinance an existing home loan?  Contact Peachtree Mortgage Services, Inc. at peachmtg@bellsouth.net or 770.481.0052.