Atlanta REALTORS, the largest association of its kind in Georgia, released its April 2017 Market Brief on residential housing statistics for 11 area counties in metropolitan Atlanta. The Market Brief, compiled by First Multiple Listing Service, provides the only regionally-focused synopsis of monthly sales and home prices for single family residential properties.    

Demand: April residential sales were at 4,610, a decrease of 7.4% from the previous year.

Price: Average and median sales prices continue to gain traction and outpace 2016’s figures, with positive gains. The median sales price in April was $254,000, an increase of 5.8% from last April. The average sales price was $317,000, up 5.0% from the previous year.

Supply: Atlanta area housing inventory totaled 13,796 units in April, a decrease of 6.5% from April, 2016. New listings totaled 5,043, down 9.6% from April, 2016 and down 10.8% from the previous month. The month’s supply over a 12-month period decreased to 2.9 months.

A Word from 2017 Atlanta REALTORS President Bill Rawlings: “The housing market continues to be strong in Atlanta, reflecting an increase in sales each month for the last two years. We are optimistic that this economic environment will continue with healthy increases in average home sales price and homes closed.”

The Atlanta REALTORS Market Brief is designed to offer an overview of the Atlanta residential market by providing a synopsis of sales and home prices, and covers 11 counties: Cherokee, Clayton, Cobb, DeKalb, Douglas, Forsyth, Fulton, Gwinnett, Fayette, Henry and Paulding. Numbers in the reports are updated each month to reflect any additional recordings from the previous month. Each month, the numbers reported for the previous month are updated to reflect additional recordings.