Atlanta Board of REALTORS® February Market Brief now available
SOURCE: ATLANTA BOARD OF REALTORS®
ABR Market Brief
The ABR Market Brief is published monthly at www.abr.org/marketbrief and is compiled using data from First Multiple Listing Service (FMLS). You can also sign up to receive the information via an RSS feed or be on the lookout at our social media sites.
Supply: Atlanta area housing inventory totaled 13,618 units in February, an increase of 9.9% from February 2014. New listings totaled 3,975, up 2.8% from February 2014 and down 9.1% from the previous month. The supply for sales over a 12 month period was steady at 3.6.
Demand: February residential sales were at 2,810, a decrease of 0.8% from the previous year.
Price: Average and median sales prices continue to gain traction and outpace 2014’s figures, with positive gains. The median sales price in February was $211,000, an increase of 17.2% from last February. The average sales price was $266,000, up 12.7% from the previous year.
A Word from ABR President Ennis Antoine: “February was another month of concrete price growth for Atlanta. I believe the statistics are suggesting that the housing market is on a solid foundation and ready to progress in a stable fashion. As we move into the spring season, sales continue to show strong improvement month over month. The increase in inventory is due to several factors: seller confidence, low interest rates and higher demand.”