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 June 2016

Demand: June residential sales were at 5,392, a decrease of 6.1% 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 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.

The following infographic contains details:

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.”

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.