Atlanta REALTORS Releases December 2019 Statistics on Housing Market
Staff Report From Metro Atlanta CEO
Monday, January 27th, 2020
Atlanta REALTORS® Association (ARA), the largest association of its kind in Georgia, released its December 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
| December, 2019 | December, 2018 | % Change | |
| Total Home Sales | 4,643 | 4,081 | 13.8% |
| Median Sales Price | $285,000 | $265,000 | 7.5% |
| Average Sales Price | $348,000 | $324,000 | 7.4% |
Monthly Comparison
| December, 2019 | November, 2019 | % Change | |
| Total Home Sales | 4,643 | 4336 | 7.1% |
| Median Sales Price | $285,000 | $275,000 | 3.6% |
| Average Sales Price | $348,000 | $338,000 | 3.0% |
Demand: December residential sales were at 4,643, an increase of 13.8% 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 December was $255,000, an increase of 7.5% from last December. The average sales price was $348,000, up 7.4% from the previous year
Supply: Atlanta area housing inventory totaled 12,246 units in December, a decrease of 8.0% from December 2018. New listings totaled 2,812, down 6.7% from December 2018 and down 20.4% from the previous month. The month’s supply over a 12-month period decreased to 2.5 months.
Largest Metro Counties Sales Comparison
| Total Units Sold | Median Sales Price | Average Sales Price | |
| Cobb | 723 | $303,000 | $350,000 |
| DeKalb | 581 | $295,000 | $347,000 |
| Fulton | 908 | $370,000 | $479,000 |
| Gwinnett | 996 | $261,000 | $294,000 |
A Word from 2020 Atlanta REALTORS® President Jennifer Pino:
Jennifer Pino, President of Atlanta REALTORS® Association said "Not only has the December 2019 Atlanta-area housing inventory increased from last year, but average and median sales prices continue to rise and outpace 2018's figures. The steady rise in value is an indication of strong continued demand and is great news for homeowners, whose largest investment is often their home."
