January 2015 Atlanta Real Estate Market Brief

ABR Market Brief

(As reported by the Atlanta Board of Realtors www.abr.org)

January 2015

 

Supply: Atlanta area housing inventory totaled 13,759 units in January, an increase of 13.6% from January 2014. New listings totaled 4,374, up 17.2% from January 2014 and up 54% from the previous month. The supply for sales over a 12 month period was steady at 3.7.

Demand: January residential sales were at 2,395, a decrease of 9.7% from the previous year.

Price: Average and median sales prices continue to gain traction and outpace 2014’s figures, with positive gains. The median sales price in January was $203,000, an increase of 13.4% from last January. The average sales price was $258,000, up 10.7% from the previous year.

A Word from ABR President Ennis Antoine: “Investors bought fewer homes in the month of January, which accounted for the decline in sales, but that meant traditional sales made up a larger proportion of the market. Traditional sales tend to come at higher prices,” said ABR President Ennis Antoine. “Low interest rates, rising sale prices, economic expansion and balanced inventory support my expectation that the market will continue its strong and steady growth. I believe the dynamic economic recovery we are seeing is going to have a major impact on the 2015 Atlanta housing market.”

ABR Market Brief: January 2015

posted: Feb 20, 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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