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Fewer homes and higher prices in metro Atlanta, according to April Market Brief report.

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According to the Atlanta REALTORS (ARA) Market Brief for April 2018, metro Atlanta single-family home buyers are struggling with low inventory at higher prices compared to this time last year.

Although there are favorable economic conditions for buyers, there is less inventory available. Since 2017 there has been an 11.0% decrease in listings, although a slight 2.3% increase has been seen since last month.

Along with the drop in inventory, there has been an increase in price with the median ($274,000) and average ($333,000) sales price both higher than last year. The median sales price saw an 8.7% increase with average prices up 5.7%.

Even with these conditions, overall residential housing sales are on the rise since April of 2017. Total sales for the month came to 4,965, which is up 1.8% from last year’s total. Want tips to find off-market housing? Contact us today!

Information and graphics sourced from Atlanta Realtors Association.

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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!"