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.