The Atlanta REALTORS, the largest association of its kind in Georgia, released its September 2016 Market Brief on residential housing statistics for 11 area counties in metro-Atlanta.  The Market Brief, compiled by First Multiple Listing Service, provides the only regionally focused synopsis of monthly sales and home prices for single family residential properties.     


Annual Comparison


Month to Month Comparison

Demand: September residential sales were at 4,383, a decrease of 1.9% from the previous year.

Price: Average and median sales prices continue to gain traction and outpace 2015’s figures, with positive gains. The median sales price in September was $230,000, an increase of 6.0% from last September. The average sales price was $289,000, up 4.3% from the previous year.

Supply: Atlanta area housing inventory totaled 16,222 units in September, a decrease of 1.8% from September 2015. New listings totaled 5,031, up 11.1% from September 2015 and up 3.0% from the previous month. The supply for sales over a 12 month period remained at 3.5 months.

Largest Metro Counties Sales Comparison

A Word from 2016 Atlanta REALTORS President Lane McCormack:  “Inventory remains near an all-time low with an average days on market of residential property at 3.5 months. With sales continuing above 2015 levels and prices up 4.3% year over year, it remains a seller's market in many locations.  As we enter the last quarter, sellers should consult a Realtor for the opportunity to capture equity in their home! Buyers should understand, with a lack of inventory, the market will remain tight with increasing prices until more inventory is available. There is not a better time than now to consult a Realtor for your housing needs!”