The Greater Atlanta Real Estate charts are in comparing wholesale transactions to retail. As of October 7th, active (available) listings in Metro Atlanta are made up of approximately 65% retail (traditional home sellers), 30% wholesale (foreclosure, short sale, estate owned, etc…) and 5% new. Now, compare that to what has actually sold. Sold properties over the last 6 months go like this: retail about 47%, wholesale about 50% and new home sales around 3%.
Of course, this is a big picture view of the Greater Atlanta area. How do you think your area stacks up? Do you think this might change in the wake of “foreclosure gate”?
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