Call Us Today: 404-697-0003

Atlanta REALTORS® Market Brief: October 2018

By in REALTORS® Market Brief with 0 Comments

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

October Comments

ARA Market Brief

Demand: October residential sales were at 4,448, a decrease of 2.9% 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 October was $263,000, an increase of 9.1% from last October. The average sales price was $324,000, up 6.9% from the previous year.

Supply: Atlanta area housing inventory totaled 14,947 units in October, an increase of 5.3% from October, 2017. New listings totaled 4,962, up 12.7% from October, 2017 and up 2.7% from the previous month. The month’s supply over a 12-month period decreased to 3.0 months.

A Word from 2018 Atlanta REALTORS® President Bill Murray: “Price growth and inventory have been stable for many months, and the positive economic signs are that the market will continue to be strong into next year. These healthy trends, however, depend on homebuilders adding new inventory to keep pace with demand.”

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Your email address will not be published.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 *