Zana Dillard Broker of Dillard and Company Realty Group says, “As Atlanta heads into 2015 the outlook for the housing market as a whole looks positive, while in the luxury residential market (homes listed over $1 million) Atlanta is in the top five percent of nation with over 118 sales!”
Atlanta area housing inventory totaled 16,172 units in October, an increase of 47.9% from October 2013. New listings totaled 4,605, up 14.2 % from October 2013 and 3.8% from the previous month. The supply for sales over a 12 month period remained steady at 4.3 months. The demand during the fall season fell slightly with residential sales at 3,609, a decrease of 2.7 % from the previous year. Year-to-date sales are 1.2% lower than in 2013.
Average and median sales prices continue to outpace 2013’s figures, with positive gains. The median sales price was $208,000, an increase of 11.2 % from last year and the average sales price was $263,000, up 8.2% from the previous year. The luxury market has also seen large gains with million-dollar homes averaging $1.59 million and nearly 120 sales which puts Atlanta at 17th of 384 cities according to Redfin, a national real estate brokerage based in Seattle.
For more information on the current market trends or homes for sale in the greater Atlanta, GA. Market visit us at www.atlantaluxuryhomesonline.com or contact Dillard and Company Realty Group at (404) 591-2690.