Atlanta's intown condominium market experienced a deadly
combination of factors in 2007, as supply surged in the first half of
the year and demand fell during the second half.
But there was brighter news, as unsold inventory stood at 7,252 units on Dec. 31, compared with 7,417 six months prior.
Now developers have delayed projects to allow demand to catch up to supply, said David Haddow, president of Haddow & Co. in Atlanta, which researches the metro condo market. Haddow released his year-end market report Feb. 1.
Atlanta Business Chronicle|2008Feb08Fri
This probably explains why some approved Decatur developments seem to be on hold or proceeding at a snail's pace.
Developers trying to obtain approval for new projects must anticipate a 18 month turnaround.
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