U
ncertainty surrounding the economy, increased tariffs, and weakened consumer confidence have been major concerns since President Donald Trump's inauguration in January. However, despite these economic shockwaves, the Intown market remains steady, according to seasoned real estate agents.
Maggie Jones of Ansley Real Estate Christie's International Real Estate notes that experienced agents are accustomed to navigating uncertainty in the market. "Homes generally move quickly, many closing in under 30 days, and we're still seeing multiple offers on well-priced listings," she said. While January started off slow, Jones' first and second quarters have been the busiest of her career.
Low inventory contributes to a steady market, even with economic fluctuations and interest rates in flux. Jones expects the rest of 2025 to remain stable, with new developments like the Gulch (Centennial Yards) and South Downtown District's resurgence drawing buyers. Single-family homes continue to be popular, but condos and townhomes are gaining attention for their affordability and low-maintenance lifestyle.
Arvie Magnuson of Atlanta Fine Homes Sotheby's International Realty notes that his transaction volume was down compared to last year, but clients haven't changed course due to economic news. Good properties still receive multiple offers, and buyer appetite for major renovation projects is low. The shortage of inventory remains acute for single-family homes.
Adam Ballenger of Engle & Volkers Atlanta sees uncertainty among clients, but some view it as an opportunity with the uptick in inventory. He notes that most of his clients are cash buyers, so interest rates aren't a concern, but consumer confidence is important. Condo owners may face challenges due to rising HOA costs and insurance deductibles.
Harvin Greene of Dorsey Alston Realtors made headlines for record-breaking transactions in 2024, but remains optimistic despite the shifting economy. She notes that buyers have been hesitant to make offers due to uncertainty, but this has stabilized as news cycles changed and the stock market recovered. Interest rates are still a topic, but buyers are adapting with creative lending options.
Greene expects a strong summer market, with prices up 3.6% year-to-date and sales up 3.1%. However, homes are taking longer to sell, averaging 42 days compared to 35 days last year. The Intown condo market faces challenges due to warrantability issues in older buildings, making it harder for new buyers to secure mortgages. Condos are still selling, but staying on the market an average of 64% longer.
