Real Estate Market Reports - Atlanta GA and Buckhead
School is out for the summer and families are taking vacations. This can and does have an impact on the real estate market as is reflected in the 16% decrease of 63 new listings to the hit the market this month. The 35 new pending sales are also down 10.3% from May but up a respectable 6.1% year over year. Also down is the median sold price now sitting at $650,450. A decrease over last month of 2.9%. Looking good are the 42 closed sales for the month, showing an increase of 27.3% from May and 13.5% year over year.View Report
This month we see 75 new listings hit the market, up 17.2% from the month of April and up 19% from May 2016. However, the 33 closed sales and 39 pending sales are both down from the prior month at 10.8% and 9.3% respectively. I'm not overly concerned about those percentage because remember that the market is still warming up. The most striking number discovered this month is the whopping 9.8% increase from last month in the median sold price now coming in at $670,000 vs. $610,000.View Report
Typically, March and April are the official start of the real estate selling season for metro Atlanta. We'll use this report for our jumping off point as we watch our market kick into gear.
This month 64 new listings entered the market, down 23.8% from the prior month and down 12.3% from the prior year. There were 37 closed sales, down 5.1% from the prior month but up 5.7% from the prior year. The number of pending sales is 43 and up 4.9% from the prior month and up 13.2% year over year. The median sold price of $610,000 is up 17% from March. That's really the number to focus on as we continue to see a steady increase in property values across the metro.View Report