Atlanta Market Brief – March 2016

Atlanta Market Brief – March 2016

The ABR Market Brief is published monthly at and is compiled using data from First Multiple Listing Service (FMLS).



Demand: March residential sales were at 4,530, an increase of 6.9% 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 March was $233,000, an increase of 7.4% from last March. The average sales price was $292,000, up 6.2% from the previous year.

Supply: Atlanta area housing inventory totaled 13,761 units in March, a decrease of 1.4% from March 2015. New listings totaled 5,298, up 8% from March 2015 and up 26.3% from the previous month. The supply for sales over a 12 month period increased to 3.1 months.

A Word from 2016 ABR President Lane McCormack: “Home sales are up by close to 40% in comparison to February, which is a great indicator of the robust spring market that we are experiencing. Home buyers and those who wish to refinance are seeing advantages in the low mortgage rates, unlocking numerous savings. I believe low rates and positive employment forecasts will contribute to active buyer demand, median and average sales prices accelerating and a strong housing market throughout Spring 2016.”

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Contact Red Robin REALTORS® today to buy, sell or invest in an Atlanta home! Call 404-254-5206 or Email for more information.

posted: Apr 17, 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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