The Atlanta REALTORS® (ARA), the largest association of its kind in Georgia, released its July 2017 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.
Price: Average and median sales prices continue to gain traction and outpace 2016’s figures, with positive gains. The median sales price in August was $250,000, an increase of 5.0% from last August. The average sales price was $309,000, up 3.0% from the previous year.
Supply: Atlanta area housing inventory totaled 15,237 units in August, a decrease of 4.7% from August, 2016. New listings totaled 4,951, up 1.4% from August, 2016 and down 4.1% from the previous month. The month’s supply over a 12-month period decreased to 3.2 months.
A Word from 2017 Atlanta REALTORS® President Bill Rawlings: ”Atlanta’s new listings have lagged behind the number of homes sold for a few months, which is keeping the housing market competitive. Nevertheless, sales are very strong, and we continue to be in a seller’s market in most price ranges across the city.”
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.