Atlanta Real Estate Market Report June 2016

Atlanta Real Estate Market Report June 2016:

 

The Atlanta Board of Realtors has updated their Atlanta Real Estate Market Report – June 2016.

 

Atlanta Monthly Real Estate Market Report

 

The Atlanta Board of Realtors reports the following real estate market statistics for the month of May 2016

Demand: May residential sales were at 5,289, an increase of 3.4% from the previous year.

Price: Average and median sales prices continue to gain traction and outpace 2015’s figures, with positive gains. The median sales price in May was $250,000, an increase of 4.2% from last May. The average sales price was $307,000, up 3.7% from the previous year.

Supply:Atlanta area housing inventory totaled 15,235 units in May, a decrease of 1.4% from May 2015. New listings totaled 5,428, up .4% from May 2015 and down 2.7% from the previous month. The supply for sales over a 12 month period increased to 3.4 months

The following infographic contains details:

 

Atlanta Real Estate Market Report

 

Comments from 2016 ABR President Lane McCormack: “May sales results continue to show a healthy increase in both closed units and average sales price. Coupled with the April adjusted sales figures now reflecting a sales increase of 6.7% over the same time last year, the overall Atlanta market seems to be experiencing healthy growth and absorption of existing inventory. In many markets in the city, inventory levels are still low relative to the demand, so I encourage you to reach out to your Realtor for a price evaluation should you be willing to consider selling your home by a professional.”

This report is brought to you by Atlanta Realtor, Lorin Marsolo, in conjunction with the Atlanta Board of Realtors. Lorin can provide market conditions in YOUR community, work up what your home is worth, or fill you in on what you can expect when buying or selling a home. Contact Lorin at 404-226-8484.