Atlanta Market Brief: May 2016

The May 2016 Market Report from the Atlanta Board of REALTORS® showed continued gains in the Atlanta housing market.

marketbriefmay2016

A Word from 2016 ABR President Lane McCormack: “May sales results continue to show a healthy increase in both closed units and average sales price.  Coupled with the April adjusted sales figures now reflecting a sales increase of 6.7% over the same time last year, the overall Atlanta market seems to be experiencing healthy growth and absorption of existing inventory.  In many markets in the city, inventory levels are still low relative to the demand, so I encourage you to reach out to your Realtor for a price evaluation should you be willing to consider selling your home by a professional.” 

Demand: May residential sales were at 5,289, and increase of 3.4% 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 May was $250,000, an increase of 4.2% from last May. The average sales price was $307,000, up 3.7% from the previous year.

Supply: Atlanta area housing inventory totaled 15,235 units in May, a decrease of 1.4% from May 2015. New listings totaled 5,428, up .4% from May 2015 and down 2.7% from the previous month. The supply for sales over a 12 month period increased to 3.4 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

Archive:

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

posted: Jun 16, 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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