Atlanta Market Brief: November 2016

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

marketbrief-november-2016

A Word from 2016 ARA President Lane McCormack: “Despite the continued low inventory, total home sales in metro Atlanta exceeded expectations with an increase of more than 20% over 2015.  This increase was partially due to buyers’ concerns over the potential rise in interest rates in the upcoming months and uncertainty over the Presidential election.  We continue to see a seller’s market in most locations with inventory still hovering at just over 3 month’s supply.”

 

Demand: November residential sales were at 3,984, an increase of 20.1% 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 November was $235,000, an increase of 6.8% from last November. The average sales price was $295,000, up 5.4% from the previous year.

Supply: Atlanta area housing inventory totaled 15,655 units in November, an increase of 2.9% from November 2015. New listings totaled 3,665, up 5.5% from November 2015 and down 20.3% from the previous month. The month’s supply over a 12-month period decreased to 3.3 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: September 2016
Atlanta Market Brief: June 2016
Atlanta Market Brief: May 2016
Atlanta Market Brief: April 2016
Atlanta Market Brief : March 2016
Atlanta Market Brief: February 2016

posted: Jan 3, 2017 | 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.

Today, Melissa provides strategic oversight for Red Robin REALTORS®- ensuring that the brokerage maintains its focus and commitment to the intown market. Melissa also provides an exceptional training opportunity for agents. Under a philosophy that exceptional agents produce exceptional results, Melissa shares her marketing and business expertise with agents through the Red Robin Academy.

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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