Strong December Market Brief

Atlanta Board of Realtors Market Brief:  December 2015 
Median and Average Sales prices soar!

MarketBrief1215Great news! The Atlanta metropolitan market is keeping pace! The December ABR Market Brief shows Atlanta is on track with the strengthening real estate market across the United States. As the average home price is rising 5-7% nationally, Atlanta’s December median sales price was an amazing 7.1% increase over 2014.Are you contemplating placing your home on the market? Let us help you determine your best strategy to prepare for a great sale! Contact Red Robin REALTORS® today!
MktBrief1215

The Atlanta Board of REALTORS® Releases December 2015 Statistics on Housing Market

The ABR Market Brief examines sales, prices in 11-county metro area

Atlanta, GA (January 13, 2016) – The Atlanta Board of REALTORS® (ABR), the largest association of its kind in Georgia, released its December 2015 Market Brief on residential housing statistics for 11 area counties in metro-Atlanta.  Market Brief, now compiled by First Multiple Listing Service (FMLS), provides the only regionally focused synopsis of monthly sales and home prices for single family residential properties.

Demand: December residential sales were at 4,054,  an increase of 4.7% 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 December was $225,000, an increase of 7.1% from last December. The average sales price was $286,000, up 5.5% from the previous year.

Supply: Atlanta area housing inventory totaled 13,840 units in December, a decrease of 2.9% from December 2014. New listings totaled 2,904, up 2.3% from December 2014 and down 16.4% from the previous month. The supply for sales over a 12 month period declined to its lowest in 2015, at 3.2.

A Word from 2016 ABR President Lane McCormack: “December was a very healthy month for the Atlanta housing market. Once the final numbers are in for 2015, I am confident that we will see a year of immense improvement, setting the stage for a return of more normal conditions in the months to come. According to Realtor.com, home prices rose 5-7% nationally in 2015, this growth is very evident in Metro Atlanta. Despite these rising prices, affordability remained strong, as we ended 2015.”

The ABR Market Brief is designed to offer an overview of the Atlanta residential market by providing a synopsis of sales and home prices, and covers 11 counties: Cherokee, Clayton, Cobb, DeKalb, Douglas, Forsyth, Fulton, Gwinnett, Fayette, Henry and Paulding.  Numbers in the reports are updated each month to reflect any additional recordings from the previous month. Each month, the numbers reported for the previous month are updated to reflect additional recordings.

For more information or details on the reports, please contact ABR at 404-250-0051.

posted: Jan 19, 2016 | 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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