Atlanta REALTORS® Market Brief: March 2018

The Atlanta REALTORS® (ARA), the largest association of its kind in Georgia, released its March 2018 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.

March Comments

ARA March Market Brief
Demand: March residential sales were at 4,838, a decrease of 10.2% from the previous year.

Price: Average and median sales prices continue to gain traction and outpace 2017’s figures, with positive gains. The median sales price in March was $268,000, an increase of 7.6% from last March. The average sales price was $326,000, up 7.9% from the previous year.

Supply: Atlanta area housing inventory totaled 11,639 units in March, a decrease of 26.5% from March, 2017. New listings totaled 4,898, down 13.4% from March, 2017 and up 23.6% from the previous month. The month’s supply over a 12-month period increased to 2.4 months.

A Word from 2018 Atlanta REALTORS® President Bill Murray: “There’s no question that a majority of Atlanta homeowners have amassed considerable equity gains since the downturn. The expanding economy and job market are generating a healthy local demand, but the challenge of low inventory is having a short term effect on home values and this could have a significant impact on our 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.

Thursday, April 12, 2018

About the Atlanta REALTORS® Association

The Atlanta REALTORS® Association (ARA) has been an instrumental factor in the growth of real estate in the state of Georgia for more than a century. With nearly 7,000 members, Atlanta is the largest board in Georgia and is considered to be one of the strongest and most successful REALTOR® organizations in the nation. ARA serves as a central source of information for its members, with mainly focusing on real estate education, the promotion of professionalism in the industry and representing REALTORS® members with legislative initiatives to create positive change for the real estate community.

About First Multiple Listing Service

First Multiple Listing Service, Inc. (FMLS) is the premier data services provider for real estate professionals in Georgia. FMLS was founded by a handful of real estate brokers in Atlanta in 1957. Today, membership is growing quickly and is spreading in every direction throughout Georgia. Currently, FMLS has over 1,900 offices and serves more than 30,000 real estate agents. The FMLS listing database contains more than 36,000 active listings located all over Georgia.

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