Smyrna Vinings home sales in August 2017 remained at a higher level than prior years. Expect to see 2017 sales to remain strong for the foreseeable future. While the Fed continues to hike short-term rates, we haven’t seen much impact on long-term mortgage rates yet. A lot of this is due to the uncertain future economic policies of the federal government and the resultant impact on the economy and housing market during 2017.

This chart shows you the past 12 months of home sales at any given point. As you’ll notice, home sales have exceedingly improved over the past eight years.

2017 Smyrna Vinings home sales are likely to continue the upward sales trends of the past couple years.

The Active Listings chart depicts Smyrna Vinings homes currently for sale. As a general rule, we’ve seen inventory increase through the May to July range and then see the amount of Smyrna Vinings homes for sale reduce towards the end of the year. While sales and months of inventory numbers vary drastically from previous years, the one thing you can count on is that inventory decreases in the last quarter of the year, as indicated above. The big difference of course is that the overall number of homes on the market is just much less than in years past due to homes selling so quickly.

We saw an increase in the number of homes for sale in August, which may be cause for alarm if the trend continues as inventory is at it’s highest point in over five years. As long as sales remain at record highs, then it won’t become an issue. Sellers are starting to understand that now is a great time to sell and take advantage of the current market. Pending home sales continued to do well in August 2017. With the most recent dip in interest rates, look for sales to continue to show strength in 2017. If you’re interested in new construction, here are all the latest Smyrna Vinings new construction homes for sale.