The Atlanta REALTORS® (ARA), the largest association of its kind in Georgia, released its November 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: November residential sales were at 4,108, a decrease of 3.7% 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 November was $279,000, an increase of 7.3% from last November. The average sales price was $342,000, up 4.0% from the previous year
Supply: Atlanta area housing inventory totaled 13,576 units in November, a decrease of 6.08% from November 2018. New listings totaled 3,533, down 13.1% from November 2018 and down 2.4% from the previous month.
A Word from 2019 Atlanta REALTORS® President DeAnn Golden: DeAnn Golden, President of Atlanta REALTORS® Association said “Although the November 2019 Atlanta area housing inventory has seen a minor decline from last year, average and median sales prices continue to increase and outpace 2018’s figures, with positive gains. The long-term trends for Metro Atlanta are still very positive and as we move into the holiday season, 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.
*Each month, the numbers reported for the previous month are updated to reflect additional recordings.