Decline in metro Atlanta home prices slows down
The Atlanta Journal-Constitution
The most recent S&P Case-Shiller index, to be released Wednesday, showed the decline of average metro Atlanta home prices continues to slow down. Prices dropped 0.4 percent from April to May, a slight increase from 0.3 percent the month before. But numbers that were not adjusted to account for seasonal changes -- that can affect the strength of the market -- showed the average home price in Atlanta has increased by 0.3 percent over the same period of time, a mirror image of April’s performance.
Year-over-year, the average price of a metro Atlanta home dropped by 15 percent.
The 20-city index fell by 0.2 percent month-over-month and 17 percent year-over-year, but for the fourth month in a row the decline was not a record.
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