Atlanta REALTORS® Releases December 2019 Statistics on Housing Market
Atlanta REALTORS® Releases December 2019 Statistics on Housing Market
The Atlanta REALTORS® Market Brief examines sales, prices in 11-county metro area
Atlanta, GA (January 22, 2019) – 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.
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 2.4 months.
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."
The Atlanta REALTORS® 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.
For more information or details on the reports, please contact Atlanta REALTORS® at 404-250-0051.