The Atlanta REALTORS® (ARA), the largest association of its kind in Georgia, released its October 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: October residential sales were at 4,707, an decrease of 0.8% 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 October was $269,000, an increase of 3.5% from last October. The average sales price was $334,000, up 4.0% from the previous year.
Supply: Atlanta area housing inventory totaled 14,576 units in October, a decrease of 2.5% from October, 2018. New listings totaled 4,795, down 3.4% from October, 2018 and down 2.4% from the previous month. The month’s supply over a 12-month period decreased to 3.0 months.
A Word from 2019 Atlanta REALTORS® President DeAnn Golden: DeAnn Golden, President of Atlanta REALTORS® Association said “Over the past 6 months, we’ve continued to see consistent market growth. That trend continued for October 2019 as average and median sales prices proceeded to gain traction and outpace 2018’s figures, with positive gains. The long-term trends for Metro Atlanta are still very positive and at this season of Thanksgiving, we, Atlanta REALTORS,® are grateful for the privilege to help make the American dream of homeownership a reality for so many.”
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.