Atlanta lags in home sale prices

Metro Atlanta's home sales prices lag the nation, says the latest report from the National Association of Realtors.

The region's median home sales price in the first quarter was $87,800, down from $99,800 in the first quarter of 2011. The national median existing single-family home price was $158,100, which is 0.4 percent below $158,700 in the first quarter of 2011.

About half of metro areas home prices gained a bit in the first quarter, which is up from last year. Home sales are up more than 4 percent nationally, the association says, which reflects metro Atlanta's experience.

Here, sales rose 11.8 percent from 2010 to 2011, according to Smart Numbers, a Marietta real estate tracking firm. But average prices are down from $135,000 to $115,000 in that period.

--Christopher Quinn

About the Author

Flight affected by FAA cuts? Here’s what to do.

Hartsfield-Jackson Atlanta International, the busiest airport in the world, is on the list of airports affected — and will also likely see cancellations and delays.

2h ago

Solar giant Qcells to furlough and lay off workers, cites supply chain woes

The solar giant said it will furlough about 1,000 workers at two Georgia plants and lay off about 300 workers employed through staffing agencies.

Tallest tower to join Atlanta’s skyline in 30 years reaches highest point

The project’s development team is commemorating the 60-story tower’s construction milestone and celebrate its journey to becoming Atlanta’s fifth-tallest building.

The Latest