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Atlanta REALTORS® Market Brief: December 2018

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

December Comments

ARA Market Brief

Demand: December residential sales were at 3,656, a decrease of 21.3% 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 December was $268,000, an increase of 7.6% from last December. The average sales price was $328,000, up 7.5% from the previous year.

Supply: Atlanta area housing inventory totaled 13,315 units in December, an increase of 12.7% from December, 2017. New listings totaled 3,015, up 18.7% from December, 2017 and down 25.8% from the previous month. The month’s supply over a 12-month period decreased to 2.7 months.

A Word from 2019 Atlanta REALTORS® President DeAnn Golden: “The Atlanta Market closed out the year in a stronger position of available homes than it did in 2017, due at least in part to the growth in local listings in the last quarter. Average home prices continue to add value with a 7.5% increase over the year before, continuing a trend of steady, positive monthly growth that has lasted over 6 years.”

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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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