The Atlanta REALTORS® (ARA), the largest association of its kind in Georgia, released its May 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: May residential sales were at 5,999, a decrease of 3.7% 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 May was $293,000, an increase of 4.3% from last May. The average sales price was $358,000, up 4.7% from the previous year.
Supply: Atlanta area housing inventory totaled 14,827 units in May, an increase of 12.7% from May, 2018. New listings totaled 6,098, up 17.2% from May, 2018 and up 11.3% from the previous month. The month’s supply over a 12-month period increased to 3.1 months.
A Word from 2019 Atlanta REALTORS® President DeAnn Golden: “The inventory for available homes has been improving for several months, which was helped by the addition of over six thousand new listings in May, the largest one-month increase in years. The number of new listings has stayed modestly ahead of the monthly sales for several months, which has improved the availability of home options for buyers.”
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.