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Tuesday, February 4, 2014

Prepare Yourself: Greater Athens Real Estate Predictions for 2014

Looking to buy or sell a home in Athens, Georgia? Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price  Evaluation so you know what buyers will pay for your home in today's market. You may also call us at (706) 612-1094 for a FREE home buying or selling consultation to answer any of your real estate questions.

Last time we wrapped up with what had happened in the 2013 Athens real estate market, and I'm here again to tell you what to expect for 2014.
  • In past years, sales have been up in the area. As this demand for homes increases while the supply decreases, you can expect to see property prices continue to rise in 2014.
  • Interest rates are expected to rise to between 5% and 6%
  • My advice to buyers: purchase your property sooner rather than later to avoid higher prices later in the year.
  • My advice to sellers: You can wait and sell for more, but either way, 2014 will be a good year to sell.
  • Bottom line: The Athens Real Estate market in 2014 will be markedly improved from 2013 as prices continue to trend upward.