The Atlanta REALTORS® Association released its May 2017 market brief on residential housing statistics for the metropolitan Atlanta area.
DEMAND: the month of May saw 5,860 homes sold in the greater Atlanta area, an increase of 0.1% from the same time previous year.
PRICE: Average sales prices continued to gain traction and outpaced Atlanta’s 2016 figures with positive gains. The average sales price for hoems sold in May was $323,000, up 6.3% from the previous year.
SUPPLY: Atlanta housing inventory totaled 14,658 units in May, a decrease of 3.8% from May 2016.
Metropolitan County Sales Comparisons:
- Cobb County: 1,038 homes sold; average sales price of $320,000
- DeKalb County: 804 homes sold; average sales price of $337,000
- Fulton County: 1,102 homes sold; average sales price of $462,000
- Gwinnett County: 1,207 homes sold; average sales price of $262,000
