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Atlanta REALTORS® Market Brief Report: August 2018

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Fewer homes available keep prices high for the month of August. The Atlanta REALTORS® Association (ARA) most recent market report shows that prices for residential homes in metro-Atlanta continue to trend upwards while inventory, especially new home construction, stays low.

Total housing inventory declined 2.8% from August 2017 for a total of 14,812 units. This is a 2.9% decrease from last month’s listings however it is an increase of 5.2% from August of last year.

August sales are also down 9.7% from last year for a total of 5,062 although prices remain on the rise. Median price ($268,000) is up 8.1% from last year, and average price ($335,000)  up 9.5%

The month’s supply over a 12-month period increased to 3.0 months.

Read 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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