The Atlanta REALTORS® (ARA), the largest association of its kind in Georgia, released its April 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. Covers 11 counties: Cherokee, Clayton, Cobb, DeKalb, Douglas, Fayette, Forsyth, Fulton, Gwinnett, Paulding and Rockdale.
Demand: April residential sales were at 4,965, an increase of 1.8% 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 April was $274,000, an increase of 8.7% from last April. The average sales price was $333,000, up 5.7% from the previous year.
Supply: Atlanta area housing inventory totaled 12,283 units in April, a decrease of 11.0% from April, 2017. New listings totaled 4,928, down 2.3% from April, 2017 and up 0.6% from the previous month. The month’s supply over a 12-month period increased to 2.5 months.
A Word from 2018 Atlanta REALTORS® President Bill Murray: “Atlanta housing inventory ticked up slightly in April over the previous month, but the local market has 11% fewer listings for buyers than this time last year. Healthy economic conditions are creating considerable demand for purchasing a home, but not all buyers are finding affordable choices from the homes that are available.”
Press Release : Infographic : Presentation Mode
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.