Price: Average and median sales prices continue to gain traction and outpace 2016’s figures, with positive gains. The median sales price in June was $267,000, an increase of 6.8% from last June. The average sales price was $327,000, up 6.5% from the previous year.
Supply: Atlanta area housing inventory totaled 15,498 units in June, a decrease of 4.9% from June, 2016. New listings totaled 5,731, down 2.0% from June, 2016 and up 2.9% from the previous month. The month’s supply over a 12-month period increased to 3.2 months.
A Word from 2017 Atlanta REALTORS® President Bill Rawlings: ”The number of year-over-year transactions maintains a pace that tracks with the overall economy, and prices continue an even stronger recovery trend as the inventory levels remain at about 3 months, which is tighter than last year and a sign of a healthy local market.”
The ATLANTA REALTORS® Association:
The Atlanta REALTORS® (ARA, formerly the Atlanta Board of REALTORS®), is the voice of residential real estate in Metro Atlanta and has been an instrumental factor in the growth of real estate in the state of Georgia for more than a century. As the largest REALTOR® Association in Georgia, ARA serves as a central source of information for its members by focusing on real estate education, the promotion of professionalism in the industry and representing members with legislative initiatives to create positive change for the real estate community. While less than 50% of active real estate licensees in Georgia meet the requirements to become REALTORS®, they constitute 80% of the top producing agents. Membership in ARA is the hallmark of quality, professionalism and production.