My Report from 2024 Mortgage Sales Rally

When I was working for Silverton Mortgage, I attended the annual sales rally and I was able to analyze the dynamic Atlanta housing market.

The data presented compelling insights into our current market conditions and future trajectories. Here’s my take on it all.

Interest Rate Trends

The mortgage market has shown volatility throughout the year. Interest rates reached peaks near 7% earlier in 2024 before settling around 6.8% for 30-year fixed mortgages.

This slight decrease has stimulated renewed market activity in the Atlanta area, with buyers seeking to secure these rates before potential future increases.

Market Conditions and Pricing

The Atlanta metro area continues to experience a strong “seller’s market,” with current data revealing several key trends:

  • Median home prices have increased 4% compared to last year, reflecting persistent demand
  • Inventory levels show a 15% increase year-over-year, though still below balanced market levels
  • Competition remains high, driving continued price appreciation across most segments

These conditions create unique market dynamics. They require careful navigation for both buyers and sellers in our current environment, and I’m here to help.

Future Market Outlook

The data we’re reviewing today points toward potential rate adjustments as we approach 2025, which could influence market dynamics and inventory levels.

Current homeowners who have been hesitant to make moves might find new motivation if rates continue to adjust.

If inflation continues to cool, we may see further easing of interest rates into 2025.

While this remains speculative, it’s worth monitoring these indicators for their potential impact on market conditions. Me and my team keep a constant eye on these data points.

Conclusion

The Atlanta housing market remains robust despite challenges, showing resilience through price appreciation and gradual inventory improvements.

While we navigate through current market conditions, potential rate adjustments and economic indicators suggest evolving opportunities ahead.

Are you ready to explore your real estate options?

Contact me today for personalized guidance through these dynamic market conditions. Let’s discuss how these trends might align with your real estate goals.