Metro Atlanta home sales fall in November

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.

Month Total sales Month-over-month percent change
April 3,784 up 3.6 percent
May 4,600 up 21.6 percent
June 4,351 up 5.4 percent
July 4,623 up 6.3 percent
August 4,268 up 7.7 percent
September 3,594 up 15.8 percent
October 3,613 up 0.5 percent
November 2,971 down 17.8 percent

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.

Month Median price Year-over-year percent change
April $190,000 45.9 percent
May $200,000 39.9 percent
June $215,000 46.3 percent
July $217,000 47.1 percent
August $205,675 38.5 percent
September $189,000 35 percent
October $189,704 35.5 percent
November $181,000 20.7 percent

Source: Atlanta Board of Realtors

Support real journalism. Support local journalism. Subscribe to The Atlanta Journal-Constitution today. See offers.

Your subscription to the Atlanta Journal-Constitution funds in-depth reporting and investigations that keep you informed. Thank you for supporting real journalism.