We are getting closer to the presidential election and there are all sorts of predictions of what the real estate Market will do. No one knows for sure what is going to happen. The only thing we can do is to look at the statistics each month and compare them to year-over-year. Current market statistics show the a continual growth compared to last year. The biggest issue is inventory. Atlanta has one worst markets, in the United States, when it comes to overall inventory on the market. The only prices points where the market has softened is in luxury homes. Take a look at the monthly statistics and trends. The reports are below.
Atlanta Real Estate Statistics –August 2016
Detached Homes
- Actives are slightly Lower compared 2015 – down 3.8%
- Pending sales are up 9.7 %
- Pending ratio is up 3% – faster turnover due to low inventory
- Solds are higher compared to last year – it is up 7.2%
- Distressed properties as a percent of sales – down from 7.3% to 4.8%
- The months supply of listings is very low at 2.9
- Median sales price over the past three months is up $15,000 to 255,000
- Days on market dropped tremendously from 43 to 28 days
Attached Homes
- Actives are 4.7% lower than last year
- Pending sales are up 16.1%
- Solds are 8.7% higher than last year
- Distressed properties over the last three months are down to 4.7 percent of overall sales
- Inventory is very low at 1.9 months
- Median sales price is up 5.3% to $187,450
- Days on market dropped from 33 to 22 days
Market Report Detached Homes
Market Report Attached Homes
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