Atlanta home price growth slows, still rising
Sellers still have the upper hand in the metro Atlanta housing market, thanks to the mismatch between scarce supply and a surplus of wannabe buyers.
By the numbers: The median price of a home sold has edged up to $402,000 in the 28-county region that includes Atlanta, according to Re/Max. That price was a resounding 18.2% higher than in June of last year. But with mortgage rates rising, there are signs that a tentative and slow rebalancing has begun.
They said it: “Demand still far outweighs supply in metro Atlanta,” said broker Kristen Jones, owner of Re/Max Around Atlanta
About the Author
Justin Beckett is the Team Leader and Senior Designer at The Atlanta Journal-Constitution. He has worked in journalism for 18 years, including stints as a designer and editor at The Daily Press in Victorville, Calif. and Project Team Leader at the Dayton Daily News in Ohio. Most recently he served as an Editions Coach at The AJC.
