December 2014 Atlanta Real Estate Market Report

January 2015 – This Month in Real Estate

Welcome to the Wakamo & Associates January Update.  Atlanta Real Estate is heating up for another hot Spring market!

 “Sales were measurably better in the second half – up 8 percent compared to the first six months of the year.”  __Lawrence Yun, NAR chief economist

Decmeber 2014 - Atlanta Real Estate Housing Market Report by Wakamo And Associates REALTORS in Atlanta Georiga

National Market Update 

Supply: The national a housing inventory according to the National Housing Trend Report shows that inventory has decreased 7.0 percent month over month and 6.0 percent year over year.

Demand: Total existing-home sales rose to 5.04 million in December from 4.92 million in November. Sales climbed above an annual pace of 5 million for the 6th time in 7 months. 

Price: National home prices increased to the highest level since 2007. The median price in the Southern region was $184,100, up 6.6 percent from a year ago.

Home prices increased to the highest level since 2007,  home sales dropped 3.1%  and so did the national average for a 30 year fixed mortgage which will be a huge motivator for home buyers this year. 


Atlanta Market Update 

Supply: In December of 2014, the housing inventory in Atlanta was 14,252 units. This was an increase of 30.6% from December 2013. Of the 14,252 available units available, 2,840 were new listings that hit the market in Decemeber, up 11.2% from December 2013.  The supply for home sales over a 12 month period declined slightly to 3.8 months.  

Demand: December residential sales were at 3,538, a decrease of .2% from the previous year. Year-to-date sales are .9% lower than in 2013.

Price: Average and median sales prices continue to gain traction and outpace 2013’s figures, with positive gains. The median sales price in December 2014 was $212,000, an increase of 9.3% from December 2013. The average sales price was $274,000, up 9.2% from the previous year.

 

Contact Melissa Wakamo at 404-729-1133 to buy, sell or invest in this Hot Atlanta Real Estate market!

 

 

 

 

posted: Jan 29, 2015 | 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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