Call Us Today: 404-697-0003

Atlanta REALTORS® Market Brief: March 2019

By in REALTORS® Market Brief with 0 Comments

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

March Comments

ARA Market Brief

Demand: March residential sales were at 4,699, a decrease of 8.9% 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 March was $275,000, an increase of 3.8% from last March. The average sales price was $344,000, up 6.2% from the previous year.

Supply: Atlanta area housing inventory totaled 13,046 units in March, an increase of 12.1% from March, 2018. New listings totaled 5,455, up 11.4% from March, 2018 and up 19.3% from the previous month. The month’s supply over a 12-month period increased to 2.7 months.

A Word from 2019 Atlanta REALTORS® President DeAnn Golden: “A majority of Atlanta homeowners have enjoyed seeing their equity investments in their homes increase over the past few years. The strong economy and job market are keeping the local demand for homes strong, and we are pleased to also see the available inventory of homes improve over last year, making options available for more buyers.”

Share This
About The Author
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!

Leave a Reply

Your email address will not be published. Required fields are marked *