Southeast Market Report Q2, 2021 (AL, FL, GA, NC, SC, TN)

Compared to 2020, Florida median home prices are 18% higher this year. As more people and companies migrate south, demand is expected to continue to surge due to the attractive quality of life, job market, and expansion of new companies.

As more people migrate to Florida, demand and prices are soaring to keep up. With almost 50% less inventory compared to the previous year, the housing market in Florida is seeing a record low of homes for sale, meaning prices just keep going up.

Hitting record highs since 2020, Tennessee continues to see a positive trend in the housing market. With low interest rates and an attractive lifestyle scene, the state is seeing more purchases even with limited inventory.

A seller’s market indeed, South Carolina is seeing tremendous growth potential in 2021. With a jump in home values and low interest rates, the state has become an attractive investment opportunity for many.

Trending at a 5% increase in home sales since 2020, Charlotte is a hot spot for buyers and sellers right now. Homes in the area are not staying on the market for long, reflecting high demand. The growth has resulted in the average home staying on the market for only four days.

Georgia markets are recovering and trending positively with a 26.3% increase in median home prices compared to 2020. Buyers have more power thanks to lower interest rates, making the market very competitive. As these trends continue, Atlanta is expected to see some of the highest market growth in the nation in 2021.