Business
Business

Metro Atlanta home sales fall in November

By Arielle Kass
Dec 18, 2013

Metro Atlanta home sales slipped in an 11-county region in November, as the inventory of for-sale houses remains tight.

The 2,971 single-family homes sold in November represented a 17.8 percent decrease from what sold in October. Sales were down 12.9 percent year-over-year, according to data from the Atlanta Board of Realtors.

The median sales price was $181,000 in November, up 20.7 percent from the prior year.

Atlanta Board of Realtors president Nancy See said in a statement that sales typically decrease as the holidays approach.

“This trend will most likely continue as the winter progresses, and we anticipate a change for the better when the spring selling and buying season arrives,” she said.

Homes sold

The number of homes sold in metro Atlanta is decreasing, in large part because of the low inventory of homes available for sale. November figures are preliminary.

Source: Atlanta Board of Realtors

Sales prices

The median sales price of metro Atlanta homes is up substantially over the previous year, but the increase is starting to ease.

Source: Atlanta Board of Realtors

About the Author

Arielle Kass covers Gwinnett County for The Atlanta Journal-Constitution. She started at the paper in 2010, and has covered business and local government beats around metro Atlanta. Arielle is a graduate of Emory University.

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