Atlanta REALTORS Releases February 2019 Statistics on Housing Market
Friday, March 15th, 2019
Atlanta REALTORS, the largest association of its kind in Georgia, released its February 2019 Market Brief on residential housing statistics for area. The Market Brief, compiled by First Multiple Listing Service (FMLS), provides the only regionally-focused synopsis of monthly sales and home prices for single family residential properties.
Demand: February residential sales were at 3,464, a decrease of 7.4% from the previous year.
Price: Average and median sales prices continue to gain traction and outpace 2018’s figures, with positive gains. The median sales price in February was $264,000, an increase of 5.6% from last February. The average sales price was $319,000, up 5.3% from the previous year.
Supply: Atlanta area housing inventory totaled 12,806 units in February, an increase of 15.7% from February, 2018. New listings totaled 4,574, up 15.4% from February, 2018 and down 1.1% from the previous month. The month’s supply over a 12-month period decreased to 2.6 months.
A Word from 2019 Atlanta REALTORS® President DeAnn Golden: “There are increasing numbers of sellers in the Atlanta Market over this time in 2018 that have helped keep options available for buyers. Home sales are generally slower right now, however, due to the tighter availability of listings than in recent years, with median and average home prices reflecting that pressure and rising at a healthy, steady pace.”