The Atlanta REALTORS® (ARA), the largest association of its kind in Georgia, released its July 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.
July Comments
Demand: July residential sales were at 5,938, a change of 0.0% 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 July was $295,000, an increase of 7.3% from last July. The average sales price was $358,000, up 6.5% from the previous year.
Supply: Atlanta area housing inventory totaled 14,975 units in July, an increase of 1.3% from July, 2018. New listings totaled 5,276, down 1.6% from July, 2018 and down 3.6% from the previous month. The month’s supply over a 12-month period decreased to 3.1 months.
A Word from 2019 Atlanta REALTORS® President DeAnn Golden: “The Atlanta market continues to be very active, with the availability of homes hovering around levels that are the highest for the past two years. Although the levels of recent monthly home sales roughly match last year’s levels, the steady rise in prices is an indication of strong continued demand, and it is great news for Atlanta's current homeowners' equity values.”
Press Release : Infographic : Presentation Mode
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.