Atlanta Real Estate Market Sees Extended Sales Times

The luxury home market in Paradise Valley saw significant activity in August, indicating a robust demand for high-end properties. Meanwhile, the Atlanta real estate market is adjusting, with homes spending more time on the market, averaging 32 days, but still remaining competitive due to an increase in inventory and buyer negotiating power. In West Palm Beach, unique properties are gaining attention, with new developments reshaping the landscape despite community concerns over rapid building. The broader land market has been marked by completed transactions rather than new ones, as investor interest remains subdued, particularly in urban planning areas. Retail and residential sectors continue to drive market growth, with developers focusing on strategic land acquisitions amid an abundance of available portfolios. Notable transactions include land sales by CPI, indicating ongoing interest in long-term investment despite market challenges.