Sales of Atlanta residential real estate weakened in the first half of 2017 just as average home sales prices continued to push upward—both signs of a local housing market with very limited inventory.
The Atlanta Board of Realtors reports a decrease of 2% in sales volume for the entire 11-county metro area*, and a 6.5% increase in average sales price from June 2016—to a record-setting $327,000.
Overall sales volume in the area covered by the report—Buckhead and surrounding areas—decreased 7% from June 2016. Overall average sales price decreased 1% from June 2016, due to sharp declines in ASP in markets priced above $750,000.
The elementary school districts with the strongest growth year-over-year are Morris Brandon, Sarah Smith and Morningside. Check out how specific neighborhoods are performing by downloading this issue.
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The Hatch Neighborhood Report compares sales data year-over-year to measure the health of the housing market of Buckhead and the surrounding areas and to compare their sales activity to the metro area as a whole.