Despite the rain, April saw gains

Earlier this month, I reported on the flat first quarter market, citing that average sales price in many neighborhoods were down from the year before, and other data. Well, sellers finally jumped in the market in April, and we’re starting to feel like a normal spring market.  

Here is the market activity for the area covered in HNR for 1/1-4/30/19 vs. 1/1-4/30/18* (be sure to check out the other data and charts below for more info on the month):

  • Sales volume is down 2% year-over-year, from 816 in 2018 to 797 in 2019
  • Average sales price is up 9%—from $708,216 to $772,216
  • Median sales price is up 4% year-over-year, from $575,000 to $600,000; Note: we experienced an 8% year-over-year increase between 2017 vs. 2018

For Cobb, DeKalb, Forsyth, Fulton and Gwinnett counties:

  • Sales volume is down 3% year-over-year, from 13,392 to 13,003
  • Average sales price is up 6%, from $340,130 to $359,239 
  • Median sales price is up 4%, from $278,752 to $289,500

Curious how your neighborhood is performing? Download this issue.

If you’re thinking of selling and have questions, let’s talk! I would be happy to share my local market knowledge with you. If you’re curious what your home could be worth, get a free market report here.

Best,

Michelle

More Market Stats: April 2019 vs. April 2018 (for the month only)

Sales Volume up 3%; from 320 to 331
Average Sales Price up 11%; from $703,865 to $795,231
Median Sales Price up 8%; from $586,000 to $634,787
Sales-to-List Price Ratio down 0.3%; from 98.9% to 98.6%
Number of New Listings up 4%; from 620 to 649
Months of Inventory: 4; no change from 2018
Average Days on Market spiked 20%; from 37 to 46 days

*The Hatch Neighborhood Report compares year-to-date sales data to the previous year to measure the health of the housing market of Buckhead, the Upper Westside, and the surrounding areas; and compares that sales activity to the metro area as a whole. Reporting sales activity for the year provides a more accurate measure of the health of the housing marketing, and allows us to identify top-performing neighborhoods.