The number of sales of single-family homes was down slightly in October, but prices have kept rising for those homes being sold.
There were 3,609 homes sold in an 11-county area, a 4 percent decline from September and a 3 percent dip from the same month a year ago, according to the monthly report from the Atlanta Board of Realtors, released Monday.
So far this year, the number of sales are nearly even with 2013: in the fist 10 months of the year, there have been 1.2 percent fewer sales compared to last year.
The median price of a home sold was $208,000, a slight decline from September, but up 11 percent from October of 2013, the board reported.
The average price for a home sold in October of this year was $263,000 – nearly the same as September. That was still an 8 percent increase from October of 2013.
The data was compiled for the board by First Multiple Listing Service.
