The Atlanta REALTORS® (ARA), the largest association of its kind in Georgia, released its January 2019 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.
Demand: January residential sales were at 2,866, a decrease of 10.1% 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 January was $256,000, an increase of 4.9% from last January. The average sales price was $318,000, up 7.1% from the previous year.
Supply: Atlanta area housing inventory totaled 12,894 units in January, an increase of 20.1% from January, 2018. New listings totaled 4,624, up 29.1% from January, 2018 and up 53.4% 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: “Home sales began the year with the anticipated price growth over this time last year, but with a strong bump of 20% in the number of active listings over last January. New listings are also on the rise, which will help keep a wider selection of homes available for Atlanta buyers.”