Pace of Atlanta Home Sales Slows in 2017 as Average Sales Prices Soar

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.

Don’t see your neighborhood listed in The Hatch Neighborhood Report? Comment below and I’ll start tracking the numbers for you!

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.

*Cherokee, Clayton, Cobb, DeKalb, Douglas, Fayette, Forsyth, Fulton, Gwinnett, Paulding and Rockdale