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Atlanta, GA Real Estate Statistics.  Atlanta GA Home Sales and Prices.

Atlanta, GA Home Sales - Atlanta, GA Real Estate Statistics and Trends.  Find recent Atlanta GA recent homes sales data, real estate sales trends in charts and graphs, and Atlanta real estate blogs from the most recent MLS sold data.

ATLANTA GA REAL ESTATE TRENDS

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Atlanta Real Estate Statistics

Updated 01/10/2010

 

The Atlanta FMLS most recent sales statistics were just released today from our primary First Multiple Listing Service FMLS for closed November home sales both detached and attached homes.  There were some good signs of improvement for our troubled real estate market.  There were 4,377 closings for all single family in November in the Atlanta Metro market, and this was comprised of 3,630 closings in November 2009 for single family detached. (an increase of 32.9% over November 2008) and 747 closings in November for single family attached (an 85.8% increase over November 2008!)Atlanta home sales

The average sale prices for all single family remained weak in November.  However, this lower price point helped stimulate the increase in demand along with historic lows in fixed mortgage rates and the would be 8K tax credits ending.

The November average closed price was $189,306 which is the lowest reported monthly average since April 2009's $182,369. The average closed price for single family attached in November 2009 was $147,347. This is down 8.5% from November 2008 and the 24th consecutive year-to-year monthly average price decline.

 

 

 

Average Sale Price

Interested in Atlanta real estate statistics*?  A better picture of the economy is if we look at historical data and develop a trend chart.  The "Apples to apples" approach makes a lot of sense when trying to get a real grasp on what the economy is really doing.  All too often the media sensationalizes one months sales by making unfair comparisons.  That is not a smart thing to do especially if one month is November and the other month is July!  All seasonal factors are pretty much thrown out the window in that type of unscientific approach,

I've created a simple 5 year average sales price chart for Atlanta home sales for November from November 2005 to November 2009.  What I found is that we had a 23.12% drop in the average sales price for detached fee simple Atlanta homes from the peak in this chart of November 2007 at $262,811 to November 2009's average sales price of $187,941.  -  Atlanta real estate statistics

Atlanta real estate statistics home prices

 

Atlanta Home Sales

Atlanta Home Sales Rebound

Atlanta real estate market reportFinally some good news for Atlanta home owners*.  Atlanta home sales actually took a major jump forward for the month of November. According to FMLS statistics just released this week - in November 2009 there were 3,630 closings for single family detached Atlanta homes - fee simple.  This is an increase of 32.9% for Atlanta home sales over November 2008!  As you can clearly see from the graph for November home sales took off.  The average prices moved a lot lower, but his was due to so many first time home buyers in the market.  This massive increase in home sales was fueled by a pent up demand for many of the first time home buyers that thought the 8K credit was expiring, and historic lows' of 30 year fixed rate mortgages.  Owning a home is now cheaper than renting.  We have to look forward now to see if the same trends of increasing home sales holds up.

Atlanta home sales