The Atlanta REALTORS® (ARA), the largest association of its kind in Georgia, released its September 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.
Demand: September residential sales were at 4,346, a decrease of 10.3% 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 September was $264,000, an increase of 9.5% from last September. The average sales price was $322,000, up 7.7% from the previous year.
Supply: Atlanta area housing inventory totaled 14,993 units in September, an increase of 0.1% from September, 2017. New listings totaled 4,830, up 8.5% from September, 2017 and down 7.3% from the previous month. The month’s supply over a 12-month period increased to 3.1 months.
A Word from 2018 Atlanta REALTORS® President Bill Murray: “The summer cycle has ended, and the number of transactions has slowed to below the sales this time last year, at least partially due to a continued tight, yet slightly increasing, inventory of available homes. Sales prices have begun to level out but continue strong increases with year over year comparison as Atlanta looks towards the slower months ahead.”
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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.