What You Need to Know About North Fulton Real Estate Inventory

Roswell GA paradeHome sales and prices are up in the north Atlanta real estate market, but it’s still a tricky situation for both buyers and sellers. North Fulton County home sales in the first quarter of 2013 were up 20% over the same quarter in 2012, but lack of inventory is a real problem. While the high demand and low supply of homes for sale in Roswell, Alpharetta, and other north Fulton areas is creating a seller’s market, the incredibly low inventory of both new construction and existing real estate could be discouraging to buyers.

As a Realtor and associate broker with Keller Williams Realty Consultants, I was recently interviewed for the Atlanta Business Chronicle about the lack of available homes for sale in Roswell and other north Atlanta communities. Whether you are a buyer or a seller, take a look at my insights into the north Atlanta market.

What caused the low inventory in north Fulton County real estate?

Many of the foreclosed homes in north Atlanta were quickly snapped up by investors, while other Alpharetta and Roswell homes for sale were taken off the market by owners who owed more than they could hope to get on the market at the time. The area started recovering in late 2012 thanks to this low inventory, reaching as low as 15,000 to 20,000 homes. Compare that to the balanced market ideal of 50,000 and it’s easy to see why demand has been so strong.

What’s next for north Atlanta real estate?

While the market is still vulnerable, home prices should maintain a steady rise while supply remains low. New residential construction projects are beginning once more, but investors are more cautious now, which will prevent a glut of new homes on the market. The Roswell and Alpharetta areas are going strong as a center for businesses, especially in the tech industry, and continued growth in that regard will ensure demand for homes.

If you are interested in buying or selling Alpharetta or Roswell real estate, contact me, Barry Wolfert, today.  As an Associate Broker at Keller Williams Realty Consultants and an experienced Realtor within the North Atlanta real estate market, I can help you find a great home that fits your lifestyle. To see homes for sale in Roswell, head over to my listings page

Photo via City of Roswell on Facebook