The ABR Market Brief examines sales, prices in 11-county metro area
Atlanta, GA – August 12, 2015 – (RealEstateRama) — The Atlanta Board of REALTORS® (ABR), the largest association of its kind in Georgia, released its July 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 16,709 units in July, an increase of 1.4% from July 2014. New listings totaled 5,584, up 9.2% from July 2014 and up 15% from the previous month. The supply for sales over a 12 month period was steady at 4.1.
Demand: July residential sales were at 5,214, an increase of 8.7% 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 July was $239,000, an increase of 6.2% from last July. The average sales price was $300,000, up 4.2% from the previous year.
A Word from ABR President Ennis Antoine: “Housing prices continue to rise as inventory remains low and in demand. Low rates continue to attract buyers driving the market percentage closing increase year over year by 17.1%. The Atlanta job market remains strong and will continue to drive the demand for housing.”
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, Executive Vice President