Vinings Condo and Townhome March 2018 Update

Smyrna Vinings condo and townhome sales aren’t letting rising interest rates slow them down. Much like the Smyrna Vinings single family home market, Smyrna Vinings condo and townhome sales continue to be spurred by historically low interest rates. Sales are even higher than last year, which was more than triple the sales from just four years ago.

Smyrna Vinings Condo Sales March 2018v

Pending condo and townhome sales continued to do well in March 2018. While interest rates are increasing,they are still fairly from a historical perspective. As a result, look for sales to continue to show strength in 2018. If you’re interested in new construction, here are all the latest Smyrna Vinings new construction condos and townhomes for sale.

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Buyers are finding it harder to resist today’s low interest rates and the attractive prices. It really is the perfect opportunity for Smyrna Vinings condo buyers.

Smyrna Vinings Condos for Sale March 2018

The Active Listings chart depicts Smyrna Vinings condos and townhomes currently for sale. Like single-family home market, listings are very low. The decrease in condos and townhomes on the market will make the market very tight if sales continue to hit new highs.

If you’ve thought about selling and just aren’t sure, be sure to contact us or find out how much your home is worth. And if you’re looking to buy, inventory is thin and you’ll be fighting over the best properties with other buyers.

Smyrna Vinings Condos Months Inventory March 2018

One other important statistic that we like to track is how we gauge the health of the Smyrna Vinings townhome and condo market. Months of inventory is a calculation that takes the current amount of homes for sale and divides that by the number of homes that have sold in the last 12 months. What the result means is if no more homes were listed, how many months would it take, based upon the past 12 months activity, to sell all the homes currently for sale. A result of 6 months is considered a healthy market, less than 6 months a seller’s market and more than 6 months, a buyer’s market.

At the beginning of 2018, inventory is extremely low with less than 2 months of inventory and we expect this trend to continue in 2018. With sales continuing to grow, this ratio has remained very low, indicating we’re still in a seller’s market.

That’s your Smyrna Vinings condo and townhome activity recap for March 2018.

Hope that was helpful and don’t hesitate to contact us if we can help you sell your Smyrna Vinings condo or townhome or find your new Smyrna Vinings townhome or condo. And don’t forget that we offer the most extensive Smyrna Vinings condo and townhome search in the area. And for those currently in the market, here are Smyrna Vinings condos and townhomes just listed for sale.

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About the Author ()

Aaron Hofmann is the founder of and also a Realtor with Atlanta Communities focused on the Smyrna real estate market and the Vinings real estate market. Aaron is a transplant from the Midwest (amazingly not a native Atlantan) and has lived in the Smyrna Vinings area for over 10 years. Find Aaron Hofmann on Google+

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