So 2020 could be an interesting year. With economies taking a hit and employees losing jobs, where do we go from here? The impact on the Smyrna Vinings real estate market will take months to assess. While rates are absolutely phenomenal, a significant drop in investment balances will certainly offset the rate euphoria. Starting off the year, Smyrna Vinings home sales have been strong, but with the corona virus implications just kicking in over the month we will learn more of overall impact in the coming months.

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 nine years until the last couple months.

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.

Smyrna Vinings homes for sale plummeted in March as sellers went into hiding, but bounced back some in April.  But homes currently for sale are quite a bit less than this time last year. Current sales volumes continue to absorb any increase in actual inventory available for sale, but lets keep an eye on it as we head into Summer. One additional source for additional inventory can be new construction as it comes online. If you’re interested in new construction, here are all the latest Smyrna Vinings new construction homes for sale.