The Atlanta Board of Realtors recently released their February Market Brief, their monthly synopsis of market activity into the Metro Atlanta real estate market. The big picture price perspective:
The key takeaways, by the numbers:
- Median sales price for February 2014 was $187,000.
- Prices increased 16.9% from February 2013.
- Median prices increased 3.9% in comparison to January 2014.
A 17% jump year-over-year. Low inventory. Spring “selling” season should be interesting.
* Source: Atlanta Board of Realtors; data is pulled from 11 metro Atlanta counties: Cherokee, Clayton, Cobb, DeKalb, Douglas, Fayette, Forsyth, Fulton, Gwinnett, and Paulding