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Atlanta REALTORS® Market Brief Report: July 2018

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Good news for home sellers this month!  The Atlanta Realtors® Market Brief for July shows that Metro Atlanta residential home sales and demand stay constant for July, while prices continue to increase.

Residential sales show an increase of  .7% from the previous year for a total of 5,621 homes sold for the month.  The inventory available is down 5.8% compared to last year.  Total inventory for July 2018 came to 14,784 with 5,361 of those being new listings. The new listing total is up 3.8 % from July 2017 yet down 4.9% from the previous month.

Prices continue to increase for both average and median sales. Median sales price of $278,000 is increase of 8.2% from last July with average sales coming to $339,000, showing a 6.6% price increase. 

Read the full report here!

 

 

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About The Author
Melissa Wakamo

When Melissa Wakamo began her real estate career in 2004, her goal was to focus on her immediate area and get to know her neighbors. "I've had a lot of fun over the years helping my neighbors sell their homes and helping newcomers become a part of our community." Melissa quickly became one of metro Atlanta’s top producing agents and consistently performed in the top 1% of all Atlanta agents. By 2009, Melissa’s real estate team, Red Robin Realtors, had grown to include several agents and support staff, providing exceptional service to buyers and sellers in Atlanta’s intown neighborhoods. In her role as Managing Broker, Melissa provides agent training, marketing and strategic oversight for Keller Knapp Realty and leads the Red Robin Realtors team of agents. "If you're thinking of buying or selling a home, or are considering a career as a real estate agent, let's talk soon!"

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