Winter often brings a chill to the “hot summers” of the housing industry. However, last month’s data shows Atlanta’s residential real estate market is still warming up. The November Cal-Culator real estate index was 5.1, according to Southeast Mortgage’s President and CEO Cal Haupt.
November home prices increased in 88 percent of measured markets with 33 percent of markets posting double-digit spikes. After a summer of higher mortgage rates, rates have begun edging lower.
Due to continued lack of inventory, home sales fell for the second straight month. Keep an eye out for December’s Cal-Culator index report on Jan. 7.