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Atlanta REALTORS® Market Brief: February

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The Atlanta REALTORS® (ARA) Market Brief for February 2019 shows residential housing sales in metro Atlanta are down 7.4 percent compared to last year. Total sales came in at 3,464 for the month. The slow down comes along with an increase of inventory, up 15.7% from last February for a total of 12,806 units available, new listings accounting for 4,574 units which is a 15.4% increase from last year. However inventory is down 1.1% from the previous month.

Prices, both average and median continue to rise. Median sales price was $264,000, an increase of 5.6% and average sales price increased 5.3% to $319,000.

The month’s supply over the 12-month period decreased to 2.6 months which keeps home prices on the rise.

READ full report for more information on current real estate trends!

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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 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 continues to provide exceptional real estate services to Atlanta buyers and sellers. "If you're thinking of buying or selling a home, or are considering a career as a real estate agent, let's talk soon!"