Atlanta Market Brief: June 2018

The June 2018 Atlanta REALTORS® Market Brief show housing inventory is increasing but prices still remain high in metro Atlanta.

Reports from the most recent Atlanta REALTORS (ARA) Market Brief for June show that residential housing inventory available in metro Atlanta is on the rise. New listings show a gain of 8.4% from last month for a total of 5,638 units available. The total number of all units available is 14,396 which is also an increase compared to last month. The month’s supply over a 12-month period increased to 3.0 months. However, inventory is still at a 7.1% decrease compared to this time last year.

Buyer demand continues to keep prices high with both average and median sales prices on the rise compared to last year, up 7.5% and 8.5% respectively. These prices may be affecting the overall sales totals with residential sales down 10.9% from last year.

The trending increase in available homes is encouraging but steady buyer demand continues to keep prices high and on the rise.

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Information and graphics sourced from Atlanta Realtors Association.

posted: Jul 19, 2018 | 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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