Supply: Atlanta area housing inventory totaled 16,680 units in June, an increase of 3.0% from June 2014. New listings totaled 4,859, down 8% from June 2014 and down 10% from the previous month. The supply for sales over a 12 month period rose slightly to 4.1.

Demand:  June residential sales were at 5,492, an increase of 17.1% from the previous year.

Price: Average and median sales prices continue to gain traction and outpace 2014’s figures, with positive gains. The median sales price in June was $238,000, an increase of 3.9% from last June. The average sales price was $304,000, up 6.3% from the previous year.

A Word from ABR President Ennis Antoine: “83,200 jobs were created in the Atlanta area over the past year and June residential sales were a great indicator of the improving economy.  Median and average sales prices saw strong increases, indicating the stable housing recovery that the Atlanta area is experiencing.”

The ABR 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.