March 2015: Atlanta Real Estate Market Brief

What a great month! The March ABR Market Brief shows continued strong growth in the Atlanta real estate market.

Total home sales rose 32.5% over February to almost 4,000 homes! The average price rose 6.5% to $279,000! Spring is in the air, and it’s a wonderful time to venture into the Atlanta real estate investment marketplace.

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Supply: Atlanta area housing inventory totaled 13,956 units in March, an increase of 5.2% from March 2014. New listings totaled 4,906, down 1.1% from March 2014 and up 23.42% from the previous month. The supply for sales over a 12 month period was steady at 3.6.

Demand: March residential sales were at 3,993, an increase of 13.8% 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 March was $218,000, an increase of 8.5% from last March. The average sales price was $279,000, up 7.7% from the previous year.

A Word from ABR President Ennis Antoine: “We are preparing for a robust spring season in the housing market. Consumer confidence levels are rising and more buyers are entering into the market.I believe we will see strong buyer demand, median and average sales prices continue accelerating and favorable interest rates throughout Spring 2015.”

posted: Apr 23, 2015 | No Responses

Posted by:  Wakamo & Associates

Melissa Wakamo and her dynamic team of agents and support staff provide buyer and seller clients with exceptional service and proven results. Since the start of her real estate career in 2004, Melissa has proven to be a true advocate for her clients and has consistently performed in the top 1% of agents

“When I started my real estate career, I wanted to work in my local community and get to know my neighbors. Now, I realize how important that local expertise is to our clients. At Red Robin REALTORS®, all of our agents are specialists in working with buyers and sellers in Atlanta’s intown neighborhoods.”

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