Though Atlanta-area sales are down, prices are up
Sales were down 5.3 percent in September from a year prior, but the median price continued to rise, up 7.3 percent from September 2018, according to a report from the Atlanta Realtors Association.
The ARA report notes that 4,509 homes were sold in the 11 counties in metro Atlanta in September, down from 4,760 sold in September of 2018. The median sales price was $280,000, up from $261,000 a year ago. The average sales price also was up 6.3 percent year over year, increasing to $339,000.
Allan Mintner, a real estate professional and senior advisor with Dorsey Alston Realtors, said the numbers show a return to normalcy in terms of appreciation. He said the 12 to 14 percent increases seen over the past few years is beginning to return to a more gradual 3 to 5 percent increase.
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