Atlanta Market Report: April 2017

The Atlanta REALTORS® released the April 2017 Market Brief.  The takeaway?  Inventory is still low, which is continuing to drive up prices in most Atlanta neighborhoods.

Demand: April residential sales were at 4,610, a decrease of 7.4% from the previous year.

Price: Average and median sales prices continue to gain traction and outpace 2016’s figures, with positive gains. The median sales price in April was $254,000, an increase of 5.8% from last April. The average sales price was $317,000, up 5.0% from the previous year.

Supply: Atlanta area housing inventory totaled 13,796 units in April, a decrease of 6.5% from April, 2016. New listings totaled 5,043, down 9.6% from April, 2016 and down 10.8% from the previous month. The month’s supply over a 12-month period decreased to 2.9 months.

A Word from 2017 Atlanta REALTORS® President Bill Rawlings: “The housing market continues to be strong in Atlanta, reflecting an increase in sales each month for the last two years. We are optimistic that this economic environment will continue with healthy increases in average home sales price and homes closed.”

posted: May 18, 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.

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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