Atlanta Market Brief: May 2018

Strong demand for homes in Atlanta but lack of inventory keeps prices high and sales low.

The Atlanta Realtors Market Report for May 2018 shows there is a continual high demand for homes in the Atlanta area but the lack of inventory of new and existing homes keeps prices high and sales low.

Although the number of homes sold compared to the past month has increased, overall home sales numbers have declined when compared to May 2017.  Lack of homes available for purchase may contribute to this decline. Inventory is down 10.2% when compared to this time last year. This may be shifting, however, an increase of available homes is up 5.6% from April 2018.

Along with inventory, annual sales numbers were also down 4.7%. Prices, on the other hand,  continue to rise with median ($282,000) and average ($344,000) sales prices both increasing in value over the past year as well as increasing (3.7% and 3.9%, respectively) over the past month.

Contact us today for help finding homes before they hit the market!

posted: Jun 14, 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.

Share. Let your friends weigh in on this one...