The ABR Market Brief is designed to offer an overview of the Atlanta residential market by providing a synopsis of sales, home prices and foreclosures. Covers 11 counties: Cherokee, Clayton, Cobb, DeKalb, Douglas, Fayette, Forsyth, Fulton, Gwinnett, Paulding and Rockdale.
November Comments
Supply: Atlanta area housing inventory totaled 15,220 units in November, a decrease of 1.7% from November 2014. New listings totaled 3,473, down .8% from November 2014 and down 23.3% from the previous month. The supply for sales over a 12 month period declined slightly, at 3.6
Demand: November residential sales were at 3,056, a decrease of 0.1% from the previous year.
Price: Average and median sales prices continue to gain traction and outpace 2014’s figures, with positive gains. The median sales price in November was $224,000, an increase of 9.3% from last November. The average sales price was $283,000, up 7.2% from the previous year.
A Word from ABR President Ennis Antoine: “School, weather and the holidays all have an impact on the total number of sales and inventory going into the winter season. What we are experiencing is a historically normal housing market in the fall. Average and median sales prices remain firm, continuing to increase in comparison to 2014 and also up from the previous month. As prices continue to rise, it will encourage more sellers to enter the market. Atlanta has been named one of the top 10 markets to watch going into 2016 by NAR and my prediction is that by February, we will begin to see activity pick back up in overall sales and inventory listings.”
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 Board at 404.250.0051.
*Each month, the numbers reported for the previous month are updated to reflect additional recordings.