The Atlanta REALTORS® (ARA), the largest association of its kind in Georgia, released its November 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.
November Comments
Demand: November residential sales were at 4,108, a decrease of 3.7% 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 November was $279,000, an increase of 7.3% from last November. The average sales price was $342,000, up 4.0% from the previous year
Supply: Atlanta area housing inventory totaled 13,576 units in November, a decrease of 6.08% from November 2018. New listings totaled 3,533, down 13.1% from November 2018 and down 2.4% from the previous month.
A Word from 2019 Atlanta REALTORS® President DeAnn Golden:
DeAnn Golden, President of Atlanta REALTORS® Association said "Although the November 2019 Atlanta area housing inventory has seen a minor decline from last year, average and median sales prices continue to increase and outpace 2018's figures, with positive gains. The long-term trends for Metro Atlanta are still very positive and as we move into the holiday season, we, Atlanta REALTORS® are grateful for the privilege to help make the American dream of homeownership a reality for so many."
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The data in this report was compiled by First Multiple Listing Service (FMLS). For more information on details of this month's report, please contact the Association at 404.250.0051.
*Each month, the numbers reported for the previous month are updated to reflect additional recordings.