Market Briefs

Atlanta REALTORS® Market Brief: August 2020

September 15, 2020

August Highlights

Demand: August residential sales were at 7,474, an increase of 3.6% from the previous year.

Price: Average and median sales prices continue to increase and outpace 2019’s figures, with positive gains. The median sales price in August was $308,000, an increase of 14.9% from last August. The average sales price was $374,000, up 15.3% from the previous year.

Supply: Atlanta area housing inventory totaled 13,007 units in August, a decrease of 33.9% from August 2019. New listings totaled 8,957, down 8.1% from August 2019 and down 8% from the previous month. The month’s supply over a 12-month period decreased to 2.1 months.

 

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