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Kelly Stephens, managing broker of Engel & Völkers Atlanta North Fulton and Engel & Völkers Buckhead Atlanta. (Picasa)
Greater Atlanta s residential real estate market has gotten off to a strong start thanks to continued low interest rates and buyer interest after months of sheltering in place, according to Kelly Stephens, managing broker of Engel & Völkers Atlanta North Fulton and Engel & Völkers Buckhead Atlanta. She notes it s currently a seller s market, as the inventory of attached and detached single-family homes in the 14-county greater Atlanta area is low – perhaps an all-time low of 18,153. Searching back seven years through FMLS (First Multiple Listing Service), I do not see another month with inventory reported at such a low number. Usually, we expect to see inventory at around 30,000 listings in greater Atlanta. Competition for existing homes is fierce, with sellers receiving multiple offers from prospective buyers, Stephens says.