In recent months, the Atlanta real estate market has shifted, bringing new opportunities for both buyers and sellers. Homes are spending a bit more time on the market – now averaging 32 days, up from 24 days last year, a 33.3 percent increase. But this change has its upsides, depending on whether you’re looking to buy or sell. Although the days on market (DOM) have increased, Atlanta’s real estate market remains highly active, with homes still selling relatively quickly compared to national averages. This uptick in DOM reflects a more balanced pace but doesn’t indicate a slowdown in demand, keeping the market competitive for both buyers and sellers.
For those looking to buy, this extended time on the market can work to your advantage. When homes don’t sell as quickly, sellers might be more willing to negotiate. This could mean you have a better chance to make offers below the asking price or ask for extras like repairs or help with closing costs. The longer days on the market might also suggest the market is cooling off a bit, giving you more options and less pressure to make quick decisions.