Average metro Atlanta home prices were flat in August and are projected to be flat for September as well, according to a report from CoreLogic today.
Atlanta prices were still 6.2 percent above their levels of a year ago in August, tied for the seventh-highest increase among the ten largest metro areas, according to data compiled by the California-based real estate research firm.
The balance between supply and demand continues to tip in favor of the seller, said Anand Nallathambi, president and CEO of CoreLogic.
"Home price appreciation in cities like New York, Los Angeles, Dallas, Atlanta and San Francisco remain very strong reflecting higher demand and constrained supplies," he said.
Metro Dallas led with an 8.9 percent increase over the year. The Washington, D.C. area was slowest in the top ten with a 2.1 percent increase.
Atlanta’s year-to-year increase was slightly below the national average of 6.9 percent. Nationally, prices were up 1.2 percent on the month.
But Atlanta prices were rising faster than average for the state: Georgia prices overall were up 5.8 percent over the year,
CoreLogic calculates a national forecast, using a range of statistics – including income and unemployment data. The formula predicts prices will be up 4.3 percent during the next year.
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