Atlanta REALTORS Releases July 2019 Statistics on Housing Market
Staff Report From Metro Atlanta CEO
Wednesday, August 14th, 2019
Atlanta REALTORS, the largest association of its kind in Georgia, released its July 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
| July, 2019 | July, 2018 | % Change | |
| Total Home Sales | 5,938 | 5,938 | 0.0% |
| Median Sales Price | $295,000 | $275,000 | 7.3% |
| Average Sales Price | $358,000 | $336,000 | 6.5% |
Monthly Comparison
| July, 2019 | June, 2019 | % Change | |
| Total Home Sales | 5,938 | 5,827 | 1.9% |
| Median Sales Price | $295,000 | $297,000 | -0.7% |
| Average Sales Price | $358,000 | $363,000 | -1.4% |
Demand: July residential sales were at 5,938, a change of 0.0% 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 July was $295,000, an increase of 7.3% from last July. The average sales price was $358,000, up 6.5% from the previous year.
Supply: Atlanta area housing inventory totaled 14,975 units in July, an increase of 1.3% from July, 2018. New listings totaled 5,276, down 1.6% from July, 2018 and down 3.6% from the previous month. The month’s supply over a 12-month period decreased to 3.1 months.
Largest Metro Counties Sales Comparison
|
Total Units Sold |
Med Sales Price |
Ave Sales Price |
|
|
Cobb |
1,057 |
$308,000 |
$363,000 |
|
DeKalb |
704 |
$298,000 |
$371,000 |
|
Fulton |
1,100 |
$398,000 |
$484,000 |
|
Gwinnett |
1,250 |
$265,000 |
$308,000 |
A Word from 2019 Atlanta REALTORS President DeAnn Golden: “The Atlanta market continues to be very active, with the availability of homes hovering around levels that are the highest for the past two years. Although the levels of recent monthly home sales roughly match last year’s levels, the steady rise in prices is an indication of strong continued demand, and it is great news for Atlanta's current homeowners' equity values.”
