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Atlanta REALTORS® Market Brief Report: 2018 July

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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
Steven Carpenter

With over 19 years experience in real estate, Steven Carpenter represents a broad spectrum of knowledge from luxury homes to land. A lifetime member multi-million producer, he is equally comfortable working with Sellers and Buyers, both new and experienced. He began in new construction home sales with top producing Arrasmith Team of Prudential Georgia Realty, and continues today with Keller Knapp Realty. His previous business career began in the corporate retail world in metro Atlanta in the early '80s ranging from store executive to buying line / product development. Spanning 2 decades and consummating in luxury retail corporate sales with Neiman-Marcus (Atlanta & San Francisco). A native of Upstate NY, he received his Bachelor of Science in Business Administration from Ithaca College. He has traveled extensively around the world & lived in California, Florida, New Jersey & Wisconsin. Steve is an avid cyclist, swimmer & a 20 year resident of Ormewood Park. Memberships: • Atlanta Realtors® Association Multi-Million Dollar Sales Club member • Member, Atlanta Realtors® Association • Member, Georgia Association of Realtors® • Member, National Association of Realtors®