September Atlanta Real Estate Overview

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The Atlanta Board of Realtors just published their monthly Market Brief.   It covers an eleven county area so obviously a very, very broad view of the market… but some interesting trends to note nonetheless.  Net-net:  transactions down, prices up and a vanishing pool of foreclosures.   Summary of findings below, the full report behind this hyperlink.

September 2013

Single family residential sales in Metro Atlanta totaled 3,522 in September 2013.

  • Annually, this is a decrease of 2.8% compared to 3,625 total sales in September 2012.
  • Monthly, this is a decrease of 17.5% compared to 4,268 total sales in August 2013.

The Median sales price for September 2013 was $189,000.

  • Annually, this is an increase of 35.0% from the median sales price of $140,000 in September 2012.
  • Monthly, median prices decreased 7.4% in comparison to August 2013.

Bank-owned sales in September 2013 remained level at 2%, down from 13% of total sales in September 2012.

For trends specific to your particular sub-market, contact me directly.

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Jon

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Jon Effron is widely regarded as one of the leading Realtors in Atlanta, working with both buyers and sellers throughout the metro area to maximize their real estate investments. In 2014, Jon was the #1 individual agent at Keller Williams Intown, one of the largest brokerages in Intown Atlanta. Prior to becoming a Realtor, Jon was the Vice President of Development at Tujay Group, an Atlanta real estate development firm. His career pre-real estate included stints at ABCNews.com, eGroups (now Yahoo! Groups) and Elite Traveler magazine, where he served as the Vice President of Marketing.