Atlanta Market Brief: June 2016

The June 2016 Market Report from the Atlanta REALTORS®  Association showed continued gains in the Atlanta housing market.


A Word from 2016 ARA President Lane McCormack: “We are halfway through 2016 and the unit sales are up over 7% with 1,812 units more than the same time last year.  We are excited to see our housing market remains strong and robust with average sales price increases year over year.  I encourage homeowners and home purchasers to continue to use a REALTOR® for pricing and purchasing guidance in their transaction.” 

Demand: June residential sales were at 5,392 a decrease of 6.1% 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 June was $253,000, an increase of 7.7% from last June.  The average sales price was $311,000, up 3.3% from the previous year.

Supply: Atlanta area housing inventory totaled 16,304 units in June, a decrease of 2.3% from June 2015.  New listings totaled 5,848, up 20.4% from June 2015 and up 7.7% from the previous month.  The supply for sales over a 12 month period increased to 3.6 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  Wondering what your home is worth?  We’re happy to do a market evaluation for you: Get My Home’s Value



Atlanta Market Brief: May 2016
Atlanta Market Brief: April 2016
Atlanta Market Brief : March 2016
Atlanta Market Brief: February 2016

posted: Jul 19, 2016 | 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.

In 2017, Melissa had the opportunity to merge the Red Robin REALTORS team with another like-minded boutique brokerage, Keller Knapp Realty. The two community-focused organizations bring together more than 100 agents, including 3 of the top 10 agents in metro Atlanta. With offices in Oakhurst, Ormewood Park and Midtown, Keller Knapp Realty and Red Robin REALTORS team are the top boutique real estate firm in Atlanta.

In her role as Managing Broker, Melissa provides agent training, marketing and strategic oversight for the Brokerage, ensuring that the brokerage maintains its focus and commitment to the intown market.

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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