Atlanta Board of Realtors Market Brief

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The Atlanta Board of Realtors just released their latest market brief, based on October’s sales numbers.  The summary, from ABR, in brief:

Supply: Atlanta area housing inventory totaled 16,172 units in October, an increase of 47.9% from October 2013. New listings totaled 4,605, up 14.2 % from October 2013 and 3.8% from the previous month. The supply for sales over a 12 month period remained steady at 4.3 months.

Demand: October residential sales were at 3,609, a decrease of 2.7 % from the previous year. Year-to-date sales are 1.2% lower than in 2013.

Price: As with last month, average and median sales prices continue to outpace 2013’s figures, with positive gains. The median sales price in October was $208,000, an increase of 11.2 % from last October. The average sales price was $263,000, up 8.2% from the previous year.

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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, eGroups (now Yahoo! Groups) and Elite Traveler magazine, where he served as the Vice President of Marketing.