Fewer homes and higher prices in metro Atlanta, according to April Market Brief report.

According to the Atlanta REALTORS (ARA) Market Brief for April 2018, metro Atlanta single-family home buyers are struggling with low inventory at higher prices compared to this time last year.

Although there are favorable economic conditions for buyers, there is less inventory available. Since 2017 there has been an 11.0% decrease in listings, although a slight 2.3% increase has been seen since last month.

Along with the drop in inventory, there has been an increase in price with the median ($274,000) and average ($333,000) sales price both higher than last year. The median sales price saw an 8.7% increase with average prices up 5.7%.

Even with these conditions, overall residential housing sales are on the rise since April of 2017. Total sales for the month came to 4,965, which is up 1.8% from last year’s total. Want tips to find off-market housing? Contact us today!

Information and graphics sourced from Atlanta Realtors Association.

posted: May 18, 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.

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