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
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