The Atlanta REALTORS® (ARA), the largest association of its kind in Georgia, released its December 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. This summary covers 11 counties: Cherokee, Clayton, Cobb, DeKalb, Douglas, Fayette, Forsyth, Fulton, Gwinnett, Paulding and Rockdale.
Demand: December residential sales were at 3,656, a decrease of 21.3% 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 December was $268,000, an increase of 7.6% from last December. The average sales price was $328,000, up 7.5% from the previous year.
Supply: Atlanta area housing inventory totaled 13,315 units in December, an increase of 12.7% from December, 2017. New listings totaled 3,015, up 18.7% from December, 2017 and down 25.8% from the previous month. The month’s supply over a 12-month period decreased to 2.7 months.
A Word from 2019 Atlanta REALTORS® President DeAnn Golden: “The Atlanta Market closed out the year in a stronger position of available homes than it did in 2017, due at least in part to the growth in local listings in the last quarter. Average home prices continue to add value with a 7.5% increase over the year before, continuing a trend of steady, positive monthly growth that has lasted over 6 years.”
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.