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Atlanta REALTORS® Market Brief: January 2019

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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.

January Comments

ARA Market Brief

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.”

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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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