Atlanta REALTORS® Releases November 2018 Statistics on Housing Market

Demand: November residential sales were at 3,953, a decrease of 9.1% from the previous year.

Price: Average and median sales prices continue to gain traction and outpace 2017’s figures, with positive gains. The median sales price in November was $263,000, an increase of 7.3% from last November. The average sales price was $328,000, up 8.6% from the previous year.

Supply: Atlanta area housing inventory totaled 14,455 units in November, an increase of 10.2% from November, 2017. New listings totaled 4,066, up 16.0% from November, 2017 and down 18.1% from the previous month. The month’s supply over a 12-month period decreased to 2.9 months.

A Word from 2018 Atlanta REALTORS® President Bill Murray: “New listings have risen the past few months, which has helped moderate price growth and has kept the inventory level higher than this time last year. Atlanta’s market is still positioned as a great long-term strategy for homeowners.”

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.

For more information or details on the reports, please contact Atlanta REALTORS® at 404-250-0051.

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The Atlanta REALTORS® (ARA, formerly the Atlanta Board of REALTORS®), 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, ARA 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 ARA is the hallmark of quality, professionalism and production.

First Multiple Listing Service, Inc. (FMLS) is the premier data services provider for real estate professionals in Georgia. FMLS was founded by a handful of real estate brokers in Atlanta in 1957. Today, membership is growing quickly and is spreading in every direction. Currently, FMLS has over 2,200 offices and serves more than 34,000 real estate agents. The FMLS listing database contains more than 34,000 active listings located all over Georgia and the Southeast.

Tripp Cook, Director of Communications & Public Relations

Office: 404.732.0651

Reggie McCrary, Chief Executive Officer

Office:  404.732.0601