February 2018 Real Estate Market Update Atlanta Area

Dated: 03/14/2018

Views: 61

February Update

Demand: February residential sales were at 3,384, a decrease of 3.8% from the previous year.

Price: Average and median sales prices continue to gain traction and outpace 2017’s figures, with positive gains. The median sales price in February was $250,000, an increase of 10.1% from last February. The average sales price was $306,000, up 10.1% from the previous year.

Supply: Atlanta area housing inventory totaled 11,066 units in February, a decrease of 25.3% from February 2017. New listings totaled 3,962, down 1.5% from February 2017 and up 10.6% from the previous month. The month’s supply over a 12-month period increased to 2.3 months.

Blog author image

John Thomas

Hi, I'm John Thomas, and I am a full-time/full-service REALTOR® at eXp Realty in Atlanta Georgia. I was born in Chicago, grew up in Elmhurst. I attended York High School and Loras College. I have a B....

Latest Blog Posts

Five Features of a Fantastic Flip

Now that you’ve bought a home of your own, you might be thinking that you’re kind of good at handiwork and you want to give flipping a go. It’s certainly one way to make money in

Read More

Prepare for the Next Natural Disaster with These 7 Tips

Any time there’s a natural disaster, emergency preparedness is all anyone can think about. But soon after the news coverage fades away, it’s back to the same old grind, with little brain

Read More

Splish, Splash, Tips for a New Backsplash

You’ve been watching HGTV again and you’ve been inspired to do something about that dated backsplash in your kitchen. It’s not exactly a small job, but certainly one an adventurous

Read More

Kids All Grown Up....This Home Is Too BIG Now

Getting our first home was so exciting. All we could think about was, the Bigger the Better. When we first decided to buy a home, We were living in a two bedroom apartment. At that time, we only had

Read More