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Atlanta REALTORS® Market Report for March

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Atlanta REALTORS® Market Report for March 2020

Demand: March residential sales were at 4,848, a decrease of 3.9% from the previous year.

Price: Average and median sales prices continue to gain traction and outpace 2019’s figures, with positive gains. The median sales price in March was $293,000, an increase of 6.5% from last March. The average sales price was $354,000, up 3.8% from the previous year.

Supply: Atlanta area housing inventory totaled 11,782 units in March, a decrease of 9.7% from March, 2019. New listings totaled 4,551, down 16.6% from March, 2019 and up 24.1% from the previous month. The month’s supply over a 12-month period increased to 2.3 months.

A Word from 2020 Atlanta REALTORS® President Jennifer Pino: “While the Metro Atlanta area, and our country, experienced significant changes over the past month, the housing market in Atlanta remained relatively stable compared to previous years,” said Jennifer Pino, President of Atlanta REALTORS® Association. “The March sales reflect transactions that were in process as the pandemic began to overtake our country and demonstrate some of the efforts made by our members to assist their clients all the way to closing through this extraordinary time.”

The data in this report was compiled by First Multiple Listing Service (FMLS). For more information on details of this month’s report, please contact the Association at 404.250.0051.

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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!"