The Atlanta REALTORS® (ARA), the largest association of its kind in Georgia, released its February 2016 Market Brief on residential housing statistics in metro-Atlanta. The Market Brief, compiled by First Multiple Listing Service (FMLS), provides the only regionally focused synopsis of monthly sales and home prices for single family residential properties. Covers 11 counties: Cherokee, Clayton, Cobb, DeKalb, Douglas, Fayette, Forsyth, Fulton, Gwinnett, Paulding and Rockdale.
Demand: June residential sales were at 5,974, a decrease of 2.0% from the previous year.
Price: Average and median sales prices continue to gain traction and outpace 2016’s figures, with positive gains. The median sales price in June was $267,000, an increase of 6.8% from last June. The average sales price was $327,000, up 6.5% from the previous year.
Supply: Atlanta area housing inventory totaled 15,498 units in June, a decrease of 4.9% from June, 2016. New listings totaled 5,731, down 2.0% from June, 2016 and up 2.9% from the previous month. The month’s supply over a 12-month period increased to 3.2 months.
A Word from 2017 Atlanta REALTORS® President Bill Rawlings: ”The number of year-over-year transactions maintains a pace that tracks with the overall economy, and prices continue an even stronger recovery trend as the inventory levels remain at about 3 months, which is tighter than last year and a sign of a healthy local market.”
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The data in this report was compiled by First Multiple Listing Service (FMLS). For more information on details of this month's report, please contact the Association at 404.250.0051.
*Each month, the numbers reported for the previous month are updated to reflect additional recordings.