Demand: January residential sales were at 2,694, an increase of 3.3% from the previous year.
Price: Average and median sales prices continue to gain traction and outpace 2015’s figures, with positive gains. The median sales price in January was $213,000, an increase of 9.2% from last January. The average sales price was $275,000, up 8.7% from the previous year.
Supply: Atlanta area housing inventory totaled 13,242 units in January, a decrease of 3.8% from January 2015. New listings totaled 4,077, down 6.8% from January 2015 and up 40.4%% from the previous month. The supply for sales over a 12 month period declined to 3.1 months.
About the Atlanta Board of REALTORS®
The Atlanta Board of REALTORS® (ABR) has been an instrumental factor in the growth of real estate in the state of Georgia for more than a century. With nearly 5,000 members, Atlanta is the largest board in Georgia and is considered to be one of the strongest and most successful REALTOR® organizations in the nation. ABR serves as a central source of information for its members, with mainly focusing on real estate education, the promotion of professionalism in the industry and representing REALTORS® members with legislative initiatives to create positive change for the real estate community.
About First Multiple Listing Service
First Multiple Listing Service, Inc. (FMLS) is the premier data services provider for real estate professionals in Georgia. FMLS was founded by a handful of real estate brokers in Atlanta in 1957. Today, membership is growing quickly and is spreading in every direction throughout Georgia. Currently, FMLS has over 1,900 offices and serves more than 30,000 real estate agents. The FMLS listing database contains more than 36,000 active listings located all over Georgia.