Metro Atlanta Housing Market See’s Gains in June

    Year over year average sales prices throughout Atlanta are up $10,000 in June, and inventory has seen a 6 percent decrease!  Check out 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.

    June, 2016

    June, 2015

    % Change

    Total Home Sales

    5,392

    5,743

    -6.1%

    Median Sales Price

    $253,000

    $235,000

    7.7%

    Average Sales Price

    $311,000

    $301,000

    3.3%

    June, 2016

    May, 2016

    % Change

    Total Home Sales

    5,392

    5,753

    -6.3%

    Median Sales Price

    $253,000

    $247,000

    2.4%

    Average Sales Price

    $311,000

    $305,000

    2.0%

    Price: Average and median sales prices continue to gain traction and outpace 2015’s figures, with positive gains. The median sales price in June was $253,000, an increase of 7.7% from last June. The average sales price was $311,000, up 3.3% from the previous year.

    Supply: Atlanta area housing inventory totaled 16,304 units in June, a decrease of 2.3% from June 2015. New listings totaled 5,848, up 20.4% from June 2015 and up 7.7% from the previous month. The supply for sales over a 12 month period increased to 3.6 months.

    Largest Metro Counties Sales Comparison

    Total Units Sold

    Median Sales Price

    Average Sales Price

    Cobb

    1,003

    $266,000

    $312,000

    Dekalb

    704

    $268,000

    $319,000

    Fulton

    911

    $377,000

    $466,000

    Gwinnett

    1,142

    $225,000

    $255,000

    A Word from 2016 Atlanta REALTORS® President Lane McCormack: “We are halfway through 2016 and the unit sales are up over 7% with 1,812 units more than the same time last year. We are excited to see our housing market remains strong and robust with average sales price increases year over year. I encourage homeowners and home purchasers to continue to use a REALTOR® for pricing and purchasing guidance in their transaction.”

    The Atlanta REALTORS® Market Brief is designed to offer an overview of the Atlanta residential market by providing a synopsis of sales and home prices, and covers 11 counties: Cherokee, Clayton, Cobb, DeKalb, Douglas, Forsyth, Fulton, Gwinnett, Fayette, Henry and Paulding.  Numbers in the reports are updated each month to reflect any additional recordings from the previous month. Each month, the numbers reported for the previous month are updated to reflect additional recordings.

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