Atlanta home price hikes are slowing

The arc of Atlanta’s home prices is still upward, but the pace of the increase is slowing down, according to a nationally watched report issued Tuesday.

While different areas have different dynamics, the price of the average home sold in metro Atlanta is up 5.4 percent from a year ago, edging 0.2 percent higher during the most recent month, according to the S&P CoreLogic Case-Shiller Indices.

Nationally, prices were up 6.1 percent in the past year and 0.5 percent last month, said David Blitzer, chairman of the index committee at S&P Dow Jones Indices, which issues the report. “Home price increases appear to be unstoppable.”

Maybe. But the Atlanta market is off-kilter and the trajectory has been flattening out.

Go to myajc.com for the full story.

 

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