The Atlanta REALTORS® (ARA), the largest association of its kind in Georgia, released its April 2019 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: April residential sales were at 5,134, a decrease of 2.9% from the previous year.
Price: Average and median sales prices continue to gain traction and outpace 2018’s figures, with positive gains. The median sales price in April was $282,000, an increase of 3.7% from last April. The average sales price was $350,000, up 5.7% from the previous year.
Supply: Atlanta area housing inventory totaled 13,856 units in April, an increase of 12.8% from April, 2018. New listings totaled 5,478, up 11.2% from April, 2018 and up 0.4% from the previous month. The month’s supply over a 12-month period increased to 2.9 months.
A Word from 2019 Atlanta REALTORS® President DeAnn Golden: “Atlanta housing inventory ticked up in April, with the local market having 12% more listings for buyers than this time last year. The healthy economy is creating considerable demand for purchasing a home, and this increase in inventory in the early part of the buying season is a good sign for the months ahead.”
Press Release : Infographic : Presentation Mode
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.