Real estate blog: No 3 BR houses available in our neighborhood

Nov 23 2013

Candler Park may lack vineyards and centuries-old villas, but it does have one thing in common with Tuscany, according to Jon Effron of the A is for Atlanta real estate blog: Lots of demand for housing and a limited supply.

Effron points out that, as of Nov. 5, there were no three-bedroom homes available for sale in our neighborhood. Those that have made it onto the market, have been sucked up right quick:

There have been 28 that have sold thus far this year- an absorption rate of 2.8 homes per month.  With a standing inventory of zero, it doesn’t take a housing economist to determine that there are zero months of supply available.

The Tuscany connection? See this Seinfeld episode: