Wild swings in average sales prices across Intown Atlanta neighborhoods
The Hatch Neighborhood Report compares sales data year-over-year to measure the health of the housing market of Buckhead and the surrounding areas. Last month, we report the first decline in average sales price since May 2016. This month, overall ASP for the area was flat—at $787,911—and overall sales volume declined 2% from last May. Could this be the start of prices moderating after steady increases throughout 2015 and 2016?
While the overall average sales price remained flat, there were wild swings when we look at the neighborhood level. This is due to the low number of sales in May. Check out how specific neighborhoods are performing by downloading this issue.
The Atlanta Board of Realtors reports an increase of 0.1% in sales volume for the entire 11-county metro area, and a 4.9% increase in average sales price—to $323,000—from May 2016.
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