Tommy's Atlanta Real Estate Weekly

Rates are the headline again. The 30 year fixed average reached 7.40% for the week ending October 15, its seventh straight weekly rise and well above the 6.27% buyers saw a year ago. Even so, the City of Atlanta median sale price held near $416,000, up modestly from a year ago, while metro wide inventory climbed to about 5.4 months of supply with more than 33,000 active listings. Homes are taking longer to sell, roughly 57 days on average, which means buyers have real selection and room to negotiate, and sellers who price and prepare correctly from day one are the ones still closing on schedule.

Heritage Supper Club in Summerhill is the opening everyone is still talking about. Chef Demetrius Brown's intimate 34 seat tasting menu room serves Caribbean and African diaspora cooking, and critics have called it the year's most personal opening in the city. It sits on Georgia Avenue SE, just south of downtown and a short walk from the BeltLine Southside Trail, which makes it a memorable choice for a date night or a client dinner. With only about three dozen seats, book well ahead.

West End is the intown neighborhood worth watching this fall. Redfin put the median sale price at roughly $458,000 over the three months ending in May, up from about $430,000 earlier in the year, and a $450 million Mall West End redevelopment with grocery, retail, and mixed income housing is set to reshape the corridor. The BeltLine Westside Trail runs straight through the neighborhood, Westside Park is Atlanta's largest at 280 acres, and the historic Victorian housing stock still offers some of the best value in intown Atlanta. As the Westside matures, West End keeps drawing buyers who want character, culture, and room to grow. I keep a full guide to its market, schools, and daily life.

Buyers: make the pre approval your very first step. With the 30 year fixed at 7.40%, the conversation usually comes down to the financing, not just the price, so ask your lender to model rate buydowns and seller paid concessions before you write an offer. In this market, a clean, fully financed offer carries real weight. Sellers: with more than 33,000 active listings across the metro, your first two weeks on market decide most of the outcome. Price against what is selling today, not what your neighbor's home brought in 2022.

Halloween lands on Saturday, October 31, and NETHERWORLD in Stone Mountain is marking its 30th Season of Screams with two new haunts, Curse of the Collector and Beyond Oblivion. It is open most nights through Halloween, which fits almost any schedule, and it has been a Metro Atlanta October tradition for three decades. It sits at 1313 Netherworld Way in Stone Mountain, about 30 minutes east of downtown. Tickets and show times are on their site.

458 Burgundy Terrace SE, Atlanta, GA 30354: $369,900

This week's featured property is a 2021 built Craftsman style home in Browns Mill Walk with 3 bedrooms, 2.5 bathrooms, and 2,028 square feet. It sits inside the perimeter with no HOA, offers a spacious open layout and smart home technology, and puts you close to downtown, the airport, and the BeltLine. It is the kind of move in ready home a growing family or an investor can enjoy without waiting on repairs. I am happy to walk you through the details and showing availability.