The ABR Market Brief examines sales, prices in 11-county metro area
Atlanta, GA – December 15, 2015 – (RealEstateRama) — The Atlanta Board of REALTORS® (ABR), the largest association of its kind in Georgia, released its November 2015 Market Brief on residential housing statistics for 11 area counties in metro-Atlanta. Market Brief, now compiled by First Multiple Listing Service (FMLS), provides the only regionally focused synopsis of monthly sales and home prices for single family residential properties.
Supply: Atlanta area housing inventory totaled 15,220 units in November, a decrease of 1.7% from November 2014. New listings totaled 3,473, down .8% from November 2014 and down 23.3% from the previous month. The supply for sales over a 12 month period declined slightly, at 3.6.
Demand: November residential sales were at 3,056, a decrease of 0.1% from the previous year.
Price: Average and median sales prices continue to gain traction and outpace 2014’s figures, with positive gains. The median sales price in November was $224,000, an increase of 9.3% from last November. The average sales price was $283,000, up 7.2% from the previous year.
A Word from ABR President Ennis Antoine: “School, weather and the holidays all have an impact on the total number of sales and inventory going into the winter season. What we are experiencing is a historically normal housing market in the fall. Average and median sales prices remain firm, continuing to increase in comparison to 2014 and also up from the previous month. As prices continue to rise, it will encourage more sellers to enter the market. Atlanta has been named one of the top 10 markets to watch going into 2016 by NAR and my prediction is that by February, we will begin to see activity pick back up in overall sales and inventory listings.”
The ABR 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.
For more information or details on the reports, please contact ABR at 404-250-0051.
ABOUT THE ATLANTA BOARD OF REALTORS®:
The Atlanta Board of REALTORS® (ABR) 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, ABR 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 ABR is the hallmark of quality, professionalism and production.
Atlanta Board of REALTORS®
Jen Booth, Public Relations Coordinator
Reggie McCrary, Chief Executive Officer