Atlanta REALTORS Releases May 2019 Statistics on Housing Market
Staff Report From Metro Atlanta CEO
Thursday, June 13th, 2019
Atlanta REALTORS, the largest association of its kind in Georgia, released its May 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.
Annual Comparison
| May, 2019 | May, 2018 | % Change | |
| Total Home Sales | 5,999 | 6,229 | -3.7% |
| Median Sales Price | $293,000 | $281,000 | 4.3% |
| Average Sales Price | $358,000 | $342,000 | 4.7% |
Monthly Comparison
| May, 2019 | Apr, 2019 | % Change | |
| Total Home Sales | 5,999 | 5,316 | 12.8% |
| Median Sales Price | $293,000 | $280,000 | 4.6% |
| Average Sales Price | $358,000 | $348,000 | 2.9% |
Demand: May residential sales were at 5,999, a decrease of 3.7% 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 May was $293,000, an increase of 4.3% from last May. The average sales price was $358,000, up 4.7% from the previous year.
Supply: Atlanta area housing inventory totaled 14,827 units in May, an increase of 12.7% from May, 2018. New listings totaled 6,098, up 17.2% from May, 2018 and up 11.3% from the previous month. The month’s supply over a 12-month period increased to 3.1 months.
Largest Metro Counties Sales Comparison
|
Total Units Sold |
Med Sales Price |
Ave Sales Price |
|
|
Cobb |
1,057 |
$305,000 |
$355,000 |
|
DeKalb |
803 |
$322,000 |
$370,000 |
|
Fulton |
1,115 |
$385,000 |
$511,000 |
|
Gwinnett |
1,269 |
$267,000 |
$300,000 |
A Word from 2019 Atlanta REALTORS President DeAnn Golden: “The inventory for available homes has been improving for several months, which was helped by the addition of over six thousand new listings in May, the largest one-month increase in years. The number of new listings has stayed modestly ahead of the monthly sales for several months, which has improved the availability of home options for buyers.”
