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.
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.”