Posted on August 30, 2015 - 12:37 PM
by Bob McCormick
Supply: Atlanta area housing inventory totaled 16,709 units in July, an increase of 1.4% from July 2014. New listings totaled 5,584, up 9.2% from July 2014 and up 15% from the previous month. The supply for sales over a 12 month period was steady at 4.1.
Demand: July residential sales were at 5,214, an increase of 8.7% 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 July was $239,000, an increase of 6.2% from last July. The average sales price was $300,000, up 4.2% from the previous year.
Bob, thanks for your assistance with this transaction. You are just a great realtor but also a genuine man. Believe me you have got me as a customer for life! And as many people I know, I would always recommend you. Let's keep in touch this is just the beginning.!Rishi M