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Atlanta REALTORS® Market Brief: February 2018

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Atlanta REALTORS® Market Brief: February 2018

The Atlanta REALTORS® (ARA), the largest association of its kind in Georgia, released it’s January 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.

February Comments

ARA February Market Brief 
Demand: February residential sales were at 3,384, a decrease of 3.8% 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 February was $250,000, an increase of 10.1% from last February. The average sales price was $306,000, up 10.1% from the previous year.

Supply: Atlanta area housing inventory totaled 11,066 units in February, a decrease of 25.3% from February, 2017. New listings totaled 3,962, down 1.5% from February, 2017 and up 10.6% from the previous month. The month’s supply over a 12-month period increased to 2.3 months.

A Word from 2018 Atlanta REALTORS® President Bill Murray: “Steady positive growth has been the trend for Metro Atlanta although low inventory continues to be an issue into 2018. Median and average prices are reflecting that pressure and continue to rise over last year’s prices, but nationally Atlanta is in the top tier of affordable regions in the country.”

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.

*Each month, the numbers reported for the previous month are updated to reflect additional recordings.

Wednesday, December 13, 2017
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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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