2018 ends strong for the Atlanta metro area
The Atlanta market closed out the year in a stronger position than it did in 2017. I follow 25 Atlanta submarkets in the Hatch Neighborhood Report, and the average sales price for the area covered in the report increased 7%—to $830,301—over 2017. Sales volume dipped 1% from 2017—to 2,846.
- Nine submarkets experienced double-digit growth in ASP year-over-year, compared with only 5 the previous year
- Two submarkets closed the year with negative growth in ASP, compared with 8 the previous year
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For Cobb, DeKalb, Forsyth, Fulton and Gwinnett counties, the average sales price for single family detached homes sold in 2018 was $352,950, or an increase of 7%, and a 2% decrease of the total number of homes sold—to 45,221.
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 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 to compare their sales activity to the metro area as a whole. Reporting sales activity for the year allows us to identify top-performing neighborhoods.
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