Atlanta Market Brief: December 2016

The December 2016 Market Report from the Atlanta REALTORS®  Association showed positive gains in price with slight decrease in supply in the Atlanta housing market.

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A Word from 2017 Atlanta REALTORS® President Bill Rawlings: “Low inventory continued to be an issue for Metro Atlanta throughout 2016 with inventory still hovering at just over 3 month’s supply.  As a result Median Home prices continue to rise with a 6.2% increase over 2015 and overall, 2016 sales were 7.9% ahead of 2015.  This continues a trend of steady positive growth each month for the past 5 years.  While there are still concerns over potential interest rates, we remain bullish about the housing market outlook for 2017.”

Demand: December residential sales were at 4,086, a decrease of 6.2% 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 December was $239,000, an increase of 2.6% from last December. The average sales price was $300,000, up 2.7% from the previous year.

Supply: Atlanta area housing inventory totaled 14,738 units in December, an increase of 6.5% from December 2015. New listings totaled 2,824, down 2.8% from December 2015 and down 23.0% from the previous month. The month’s supply over a 12-month period decreased to 3.1 months.

With these Atlanta Metro sales figures in mind, remember that each neighborhood and “micro-market” in Atlanta may experience significantly different trends and sales statistics.  If you would like a more detailed market snapshot for your neighborhood, send us an email request at info@redrobingroup.com.  Wondering what your home is worth?  We’re happy to do a market evaluation for you: Get My Home’s Value.

This information is extracted directly from materials provided by the Atlanta REALTORS® Association

Archive:

Atlanta Market Brief: November 2016
Atlanta Market Brief: September 2016
Atlanta Market Brief: June 2016
Atlanta Market Brief: May 2016
Atlanta Market Brief: April 2016
Atlanta Market Brief : March 2016
Atlanta Market Brief: February 2016

posted: Jan 17, 2017 | No Responses

Posted by:  Melissa Wakamo

When Melissa Wakamo began her real estate career in 2004, her goal was to focus on her immediate area and get to know her neighbors. "I've had a lot of fun over the years helping my neighbors sell their homes and helping newcomers become a part of our community."

Melissa quickly became one of metro Atlanta's top producing agents and consistently performed in the top 1 of all Atlanta agents. By 2009, Melissa's real estate team had grown to include several agents and support staff, dedicated to providing exceptional service to buyers and sellers in Atlanta's intown neighborhoods.

In 2010, Melissa transitioned Red Robin REALTORS® into an independently owned boutique brokerage. Even in the tough real estate market during that time, Red Robin REALTORS® continued to outperform other small brokerages and was able to help buyers and sellers adapt to the rapid changes in the market.

Today, Melissa provides strategic oversight for Red Robin REALTORS®- ensuring that the brokerage maintains its focus and commitment to the intown market. Melissa also provides an exceptional training opportunity for agents. Under a philosophy that exceptional agents produce exceptional results, Melissa shares her marketing and business expertise with agents through the Red Robin Academy.

Melissa's active participation in various neighborhood organizations and charitable efforts, as well as her passion for antiques, cooking, and gardening, keep her busy and in touch with the community.

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