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January Market Brief | 02/28/2019

Atlanta REALTORS® Market Brief

January 2019 Edition

The Atlanta REALTORS® (ARA), the largest association of its kind in Georgia, released its January 2019 Market Brief on residential housing statistics in metro-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. This summary covers 11 counties: Cherokee, Clayton, Cobb, DeKalb, Douglas, Fayette, Forsyth, Fulton, Gwinnett, Paulding and Rockdale.

January Comments

Demand: January residential sales were at 2,866, a decrease of 10.1% 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 January was $256,000, an increase of 4.9% from last January. The average sales price was $318,000, up 7.1% from the previous year.

Supply: Atlanta area housing inventory totaled 12,894 units in January, an increase of 20.1% from January, 2018. New listings totaled 4,624, up 29.1% from January, 2018 and up 53.4% from the previous month. The month’s supply over a 12-month period decreased to 2.6 months.

*Each month, the numbers reported for the previous month are updated to reflect additional recordings.

My unofficial opinion about the increase in inventory is that many sellers are getting over exuberant about the value of the houses. That was their first mistake. The next mistake was hiring an inexperienced agent who doesn’t know how to or is afraid to tell their sellers what the seller really needs to hear. So if you or someone you know is considering a move the best thing you can do is list with an agent who has a proven track record of getting homes under contract in as little as 24 hours. Of course, that would be me.

Wondering about sales in your neighborhood? Always happy to help with that too, all you have to do is ask! Can’t wait? Just follow this link:http://www.debbybraun.com/search_atlanta_mls_listings.asp

All the best,

Debby

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