ARA in the Press

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Tripp Cook, Communications & PR Director
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Red Hot Housing Market Brings Supply Crunch
WABE quotes ARA President Bill Rawlings | July 19, 2017

If you are looking to buy a house, it’s tough for many metro Atlanta home buyers right now.

Reports: Atlanta home prices still higher than last year
AJC quotes ARA Market Brief | July 18, 2017

This week, two reports are singing harmony about the metro Atlanta housing market: there are fewer homes sold, while the ones that are selling are going for higher prices. While the reports issued by both the Atlanta Realtors Association and Re/Max Georgia differ slightly, they tell similar stories and they start the same way – with a drop in inventory.

Atlanta homes selling for higher prices
ABC quotes ARA Market Brief | July 18, 2017

According to the Atlanta Realtors Association’s Market Brief, June residential sales dropped by 2 percent from last year to 5,974. However, average and median sales prices continue to have positive gains while outpacing 2016’s figures. 

Atlanta housing: Where are the listings? Market unbalanced, prices rising
AJC quotes ARA Market Brief | June 19, 2017

Metro Atlanta housing got a healthy dose of same-old, same-old last month, according to two reports.

Same: Rising prices. Same: Fewer homes for sale.

Old: Not the lists of homes for sale – they get snapped up awfully fast, according to a report released by Re/Max Georgia. The average listing in May was on the market 43 days, down from 48 days in the same month a year earlier. A separate report, released at the end of last week by the Atlanta REALTORS® Association, showed the median price of a metro Atlanta home up slightly less, but with a higher closing price. Prices rose 4.9 percent in May from the same month a year ago, said the Realtors.

Atlanta saw a rise in home prices, competition in May, study says
Atlanta Agent Magazine quotes ARA Market Brief | June 16, 2017

Atlanta's housing market followed the nationwide trend of higher prices and increased competition last month, according to the Atlanta REALTORS®' May 2017 Market Brief.

Home prices continue to rise while inventory remains steady
Curbed Atlanta quotes ARA Market Brief | June 16, 2017

Sellers in Atlanta's residential real estate market continue to do well thanks to higher sales prices and unwavering housing demand in the metro area. According to the May 2017 Atlanta REALTORS® Market Brief compiled by First Multiple Listing Service, the median sales price for May was $258,000, an increase of 4.9 percent over last May. The average sales price was $323,000, up 6.3 percent from last year.

Metro Atlanta home sales: prices up, but trouble for first-time buyers
AJC quotes ARA Market Brief | June 15, 2017

It's becoming a familiar story: Atlanta home prices are up, but the number of homes for sale is down. The median price of a Metro Atlanta home was up 4.9 percent in May from the same month a year ago, according to a report issued Thursday afternoon by the Atlanta REALTORS® Association.

Case-Shiller: March 2017 Atlanta home prices up 5.5% over last year
ABC quotes ARA Market Brief | May 30, 2017

Atlanta home prices were up 5.5 percent in March 2017 compared to March 2016, and were lagging increases in many other cities, the S&P CoreLogic Case-Shiller reported Tuesday.  The Atlanta Realtors Association recently reported metro Atlanta's April residential sales were at 4,610, a decrease of 7.4 percent from the previous year. 

Total homes sales fell in April but home prices are up
Atlanta Agent Magazine quotes ARA Market Brief | May 16, 2017

April home sales fell slightly in Atlanta, according to the Atlanta REALTORS® Association. Home sales dropped 7.4 percent on a year-over-year basis from 4,978 in April 2016 to 4,610 in April 2017.

Home buying? Here's why you'll pay more in metro Atlanta
AJC quotes ARA Market Brief | May 15, 2017

In some areas, prospective buyers in some areas bidding against and push prices higher. In less desirable neighborhoods, there are fewer buyers and sales. The imbalance threatens to limit the buying power -- especially for price-sensitive buyers. The trouble is worse when home prices far outpace income.

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