FOR IMMEDIATE RELEASE
Atlanta REALTORS® Releases December 2018 Statistics on Housing Market The Atlanta REALTORS® Market Brief examines sales, prices in 11-county metro area Atlanta, GA (January 16, 2019) – Atlanta REALTORS® Association (ARA), the largest association of its kind in Georgia, released its December 2018 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 Dec, 2018
Dec, 2017
% Change
3,656
4,647
-21.3%
Median Sales Price
$268,000
$249,000
7.6%
Average Sales Price
$328,000
$305,000
7.5%
Total Home Sales
Monthly Comparison Dec, 2018
Nov, 2018
% Change
3,656
4,167
-12.3%
Median Sales Price
$268,000
$262,000
2.3%
Average Sales Price
$328,000
$329,000
-0.3%
Total Home Sales
Demand: December residential sales were at 3,656, a decrease of 21.3% from the previous year. Price: Average and median sales prices continue to gain traction and outpace 2017’s figures, with positive gains. The median sales price in December was $268,000, an increase of 7.6% from last December. The average sales price was $328,000, up 7.5% from the previous year. Supply: Atlanta area housing inventory totaled 13,315 units in December, an increase of 12.7% from December, 2017. New listings totaled 3,015, up 18.7% from December, 2017 and down 25.8% from the previous month. The month’s supply over a 12-month period decreased to 2.7 months.