The Atlanta REALTORS® (ARA), the largest association of its kind in Georgia, released its April 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. This summary covers 11 counties: Cherokee, Clayton, Cobb, DeKalb, Douglas, Fayette, Forsyth, Fulton, Gwinnett, Paulding and Rockdale.
Demand: April residential sales were at 5,134, a decrease of 2.9% 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 April was $282,000, an increase of 3.7% from last April. The average sales price was $350,000, up 5.7% from the previous year.
Supply: Atlanta area housing inventory totaled 13,856 units in April, an increase of 12.8% from April, 2018. New listings totaled 5,478, up 11.2% from April, 2018 and up 0.4% from the previous month. The month’s supply over a 12-month period increased to 2.9 months.
A Word from 2019 Atlanta REALTORS® President DeAnn Golden: “Atlanta housing inventory ticked up in April, with the local market having 12% more listings for buyers than this time last year. The healthy economy is creating considerable demand for purchasing a home, and this increase in inventory in the early part of the buying season is a good sign for the months ahead.”