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REALTORS® Market Brief for April 2017

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Atlanta REALTORS® Market Brief: April 2017

The Atlanta REALTORS® (ARA), the largest association of its kind in Georgia, released its February 2016 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.

April Comments

Ara April Market Brief
Demand: April residential sales were at 4,610, a decrease of 7.4% from the previous year.

Price: Average and median sales prices continue to gain traction and outpace 2016’s figures, with positive gains. The median sales price in April was $254,000, an increase of 5.8% from last April. The average sales price was $317,000, up 5.0% from the previous year.

Supply: Atlanta area housing inventory totaled 13,796 units in April, a decrease of 6.5% from April, 2016. New listings totaled 5,043, down 9.6% from April, 2016 and down 10.8% from the previous month. The month’s supply over a 12-month period decreased to 2.9 months.

A Word from 2017 Atlanta REALTORS® President Bill Rawlings: ”The housing market continues to be strong in Atlanta, reflecting an increase in sales each month for the last two years. We are optimistic that this economic environment will continue with healthy increases in average home sales price and homes closed.”

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.

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Tom McCoy

Good Business Ethics are very important to me and instill confidence in my clients that I get the job done correctly. From the first time we meet until the day you close, you'll be working with me to find and walk you through the process to purchase your new home. Because of my construction background, I can more easily assess the value of a home. Put my 25 years of Atlanta REALTOR experience to work for you. I am always learning, I love to help and say hello!

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