Demand: February residential sales were at 3,464, a decrease of 7.4% 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 February was $264,000, an increase of 5.6% from last February. The average sales price was $319,000, up 5.3% from the previous year.
Supply: Atlanta area housing inventory totaled 12,806 units in February, an increase of 15.7% from February, 2018.
New listings totaled 4,574, up 15.4% from February, 2018 and down 1.1% from the previous month. The month’s supply over a 12-month period decreased to 2.6 months.
A Word from 2019 Atlanta REALTORS® President DeAnn Golden: “There are increasing numbers of sellers in the Atlanta Market over this time in 2018 that have helped keep options available for buyers. Home sales are generally slower right now, however, due to the tighter availability of listings than in recent years, with median and average home prices reflecting that pressure and rising at a healthy, steady pace.”
To see the complete market brief with full infographic, as well as older market briefs click here: https://atlantarealtors.com/Resource-Center/abr-market-brief/news-page.aspx?ItemPath=%2fGlobal%2fPublications%2fbrief%2f2019-02