According to a story in the Atlanta Journal-Constitution, it appears that the condo price reductions seen recently in Atlanta have cause demand to increase leading several buildings to sell out. The Luxe tower in Midtown has only one remaining unit for sale, and Horizon at Wildwood is down to their last two units. In fact, according to real estate consulting firm Haddow & Co., sales of intown Atlanta condos passed 1,000 last year compared with only 636 in 2009.
Some real estate developers are predicting that we may even see price increases in the coming years as inventory dwindles. They note that the newer buildings are selling out, and that there is little to no new development on the horizon to introduce new units to the market.