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Metro Atlanta housing market
Median sales price
August 2016………. $228,250
August 2015………. $213,500
Number of sales
August 2016 ………. 5,682
August 2015 ………. 5,182
Months of inventory
August 2016 ………. 3.2
August 2015 ………. 3.6
Source: RE/MAX of Georgia
Atlanta housing prices slipped last month, but were still up a solid 7 percent from August of a year ago, according to a report just released by RE/MAX of Georgia.
The report from the real estate company reaffirmed the Atlanta market’s trend lines:
— People who have homes for sale can generally sell them.
— It’s a sellers’ market, with sellers often getting their asking price and sometimes even more.
— The number of sales has stayed steady, even though the seasonal peak of the market has passed.
— The inventory, that is, the number of homes for sale, continues to lag (which is what puts buyers at a disadvantage).
The median price of a home sold in the metro region was $228,250, down from $235,000 the month before, RE/MAX reported.
Despite that dip, the longer-term arc of prices remained intact: a year ago, the median price of homes was $213,500.
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