By Berkshire Hathaway Home Services
Georgia packed on another 1 million residents between 2010 and 2020, climbing up to 10.7 million people overall. Just 10 states have more than 10 million people, according to the U.S. Census data.
The migration to Georgia is boosting the Peach State’s economy, as metro Atlanta’s booming housing market shows.
- The median home price increased nearly 16% between Nov. 2019 and Nov. 2020.
- The number of homes listed for sale dropped 34.9% from January to November 2020.
- The average days on market fell from 57 days to 36 days in that same timeframe.
- Rental occupancy jumped to 94.7%.
Atlanta is one of ten U.S. cities classified as an “alpha-world city” among those that are considered the primary nodes in the global economic network.
Several Fortune 500 and national and international companies headquartered within city boundaries have a presence in the Atlanta area including: The Coca-Cola Company, Home Depot, United Parcel Service, Delta Air Lines, and AT&T Mobility which are interested in having a physical business office in the metropolis and that contributed to the growth of the city’s real estate market.
Berkshire Hathaway HomeServices, with more than 1,300 locations throughout the United States, is one of the largest real estate brokerage franchise networks in the country that provide services from first-time homebuyers to high-end residential markets and to middle market communities to commercial real estate. The company, with a strong presence in the Georgia area, boasts among the most professional corporate relocator experts who provide full services to families and companies that are interested in rent or buy properties and realize a successful real estate transaction.
For additional information please contact us at jim.munson@bhhsgeorgia.com
