Atlanta REALTORS Releases October 2019 Statistics on Housing Market
Staff Report From Metro Atlanta CEO
Monday, December 2nd, 2019
Atlanta REALTORS Association (ARA), the largest association of its kind in Georgia, released its October 2019 Market Brief on residential housing statistics for 11 area counties in metropolitan Atlanta. 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
|
October, 2019 |
October, 2018 |
% Change |
|
|
Total Home Sales |
4,707 |
4,747 |
-0.8% |
|
Median Sales Price |
$269,000 |
$260,000 |
3.5% |
|
Average Sales Price |
$334,000 |
$321,000 |
4.0% |
|
October, 2019 |
September, 2019 |
% Change |
|
|
Total Home Sales |
4,707 |
4,794 |
-1.8% |
|
Median Sales Price |
$269,000 |
$275,000 |
-2.2% |
|
Average Sales Price |
$334,000 |
$336,000 |
-0.6% |
Demand: October residential sales were at 4,707, a decrease of 0.8% 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 October was $269,000, an increase of 3.5% from last October. The average sales price was $334,000, up 4.0% from the previous year.
Supply: Atlanta area housing inventory totaled 14,576 units in October, a decrease of 2.5% from October, 2018. New listings totaled 4,795, down 3.4% from October, 2018 and down 2.4% from the previous month. The month’s supply over a 12-month period decreased to 3.0 months.
Largest Metro Counties Sales Comparison
|
Total Units Sold |
Median Sales Price |
Average Sales Price |
|
|
Cobb |
763 |
$294,000 |
$349,000 |
|
DeKalb |
686 |
$265,000 |
$334,000 |
|
Fulton |
883 |
$325,000 |
$446,000 |
|
Gwinnett |
970 |
$302,000 |
$263,000 |
A Word from 2019 Atlanta REALTORS President DeAnn Golden:
DeAnn Golden, President of Atlanta REALTORS Association said “Over the past 6 months we’ve continued to see consistent market growth. That trend continued for October 2019 as average and median sales prices proceeded to gain traction and outpace 2018’s figures, with positive gains. The long-term trends for Metro Atlanta are still very positive and at this season of Thanksgiving, we, Atlanta REALTORS, are grateful for the privilege to help make the American dream of homeownership a reality for so many.”
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.
