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Situated at the foothills of the North Georgia Mountains, Atlanta offers it's residents everything you could ask for in a city. You'll find premier jobs, riveting entertainment, breathtaking sites, and oodles of small towns filled with history and charm. Finding a condominium in Atlanta has never been easier, maybe too easy.

The market for Atlanta condos may be becoming oversupplied. With about 9,000 existing Atlanta condos up for sale and another 17,000 new units planed for the near future, this supposition may turn out to be true. In some areas of the market, such as the $1 million and up Atlanta condos there's about a three year supply for sale, and this is not taking into consideration those condos which are being built or those that are planned for future development. This swelling supply of existing Atlanta condos for sale, coupled with the fact that thousands more are being built, means that many Atlanta residents who already own condos stand to lose money when they decide to sell.

The field data shows that there are a lot of Atlanta condos for sale, and some condo buildings have a relatively high percentage of units up for sale, which points to an oversupply, and while this is happening, Atlanta is experiencing an abundance of condo conversions. Real estate experts say it is normal for a condo building to have about 10 percent of its units for sale at any given time. However, some buildings have a much higher percentage for sale. Prices have already started to fall, but despite the depreciation, developers continue building Atlanta condos.

However developers are watching the market dynamics closely and are taking a more cautious approach as a consequence. The people's movement to live in town won't just disappear over night. The Midtown Atlanta condos offer some of the best condo communities in the city. These Atlanta condos have great views, perfect location for work and play, and high tech amenities make these condo communities in high demand with jet setters, empty nesters and anyone seeking the modern in town lifestyle.

Some local lenders have started to see a slowdown in developers' applications for condo financing, with fewer request for deals probably due to the supply. When it comes to condo financing even the big institutional investors and banks are pulling back in a big way. Banks once would fund condo projects without requiring developers to have pre-sales, but now banks want 50 percent to 65 percent pre-sales before they will lend for construction. Real estate professional and analysts tend to be on the same page here, saying that there has been a boom of Atlanta condos and that the market hasn't been capable of absorbing it. With buyers having so many Atlanta condos to choose from across the city, it's the sellers that are feeling the pinch. If people buy a condo only to live in it for two or three years and then try to sell it for a big profit, then they will be disappointed because of the huge number of Atlanta condos available. Sellers loose money in the tenths of hundreds of dollars. Of course this only means that for buyers Atlanta condos are starting to look like really good deals.