Business
Business

Metro Atlanta home sales still lower than 2013

By Arielle Kass
May 19, 2014

Home sales in metro Atlanta rose from March, but continued to stay lower than the year prior, as continued low supply keeps people from finding homes.

April sales of 3,660 homes in an 11-county metro area were down 6.8 percent from the year before, according to the Atlanta Board of Realtors. Sales rose 7.9 percent from March, in line with a traditional spring selling season.

The median sales price continued to rise. In April, it was up 11.1 percent from the year before, to $210,000.

The price increase is a result of a reduction in foreclosure sales and continued demand, Atlanta Board of Realtors president Todd Emerson said in a statement. He also said seller confidence is on the rise.

“We continue to remain very optimistic all of these trends will continue into summer,” he said.

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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