Morningside Real Estate Market - View Morningside Real Estate Market Trends in Georgia

Spring 2012 Market Update If you can qualify, now is an exceptional time to buy a home in Morningside. Low rates with rock-bottom home prices makes a home purchase a great value! Call or email now for more information at 404-310-0060 or laura@maturahomes.com.
Average Home Price	$450,000 - View Graph Trend

Average Price Compared to Last Year	Up 0-5%

Average Time on Market	60-90 days

Best Selling Price Range	$400,000 - $449,000

Worst Selling Price Range	$100,000 - $149,000

Prices As % of Asking Price	90-95%

Existing Home Prices for the past 90 days are?	Increasing

Market Trend	Increasing

Buyers’ or Sellers’ Market	More sellers than buyers

Buyer Activity for the past 90 days in Morningside is	Increasing

Seller Activity for the past 90 days in Morningside is?	Increasing

Multiple Offers?	Yes

Multiple Offers Commentary	Right now, only 25% of the homes that are For Sale will ever sell in Midtown and the Morningside area. The other 75% will not ever sell for a number of different reasons. The 25% that are selling are doing so for two reasons: They are the best priced and in the best condition. Out of these 25% of homes that do sell, approximately 5-10% ARE receiving multiple offers. After seeing many overpriced homes in less than great condition, buyers will 'pull-the-trigger' when they find the perfect gem.

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?	15-20%

Is Financing Available For Qualified Buyers?	Yes

Comments on Financing For Qualified Buyers	There are MANY great loan programs out there right now for buyers! Even for buyers without much in reserves or challenged credit scores, loans are still available. FHA loans are a generous loan program that MANY buyers are now using which only require a downpayment of 3.5%. In addition, the state of Georgia is offering a $600 tax credit for all buyers through 2011 that most people are not aware of!

Housing Inventory	Good supply - Some Prices

Inventory Comments	The average days on market in Morningside for April 2010 is 79 days compared to April 2009 it was 71 days. There is currently 11.7 months worth of inventory. This means that at the current rate that buyers are buying it would take 11.7 months for all of the standing inventory to sell off. This is the exact same amount of inventory that was available exactly one year ago.....there has not been any change.

Greatest Activity	Repeat Buyers

Reason to Buy/Sell	Population Growth

Nearest Metro Area	Atlanta

Housing Hot Spots	If you like Morningside, there are a number of other

Average Sold Price	$450,000 - View Graph Trend

Morningside Local News

Agent quarterly survey shows growing optimism toward a housing market recovery

End of tunnel, meet light. Real estate agents have been imagining that vision for a while, and first-quarter optimism in 2012 has some saying the road to recovery could be just around the corner.

Much of the upbeat attitude from HouseHunt's market condition survey stems from tighter inventory and houses not remaining as long on the market. Of agents reporting, 38 percent said inventory was tight in their cities, compared to 32 percent in the fourth quarter of 2011 and 13 percent at the beginning of last year. Regarding time on the market, 30 percent reported houses selling in 60 days or less, compared to 22 percent in the previous quarter and 10 percent at the beginning of 2011.

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