2019 is now more than halfway over and we are excited to release our 2019 Atlanta Mid-Year Market Report. Understanding what’s going on in the market allows us to equip our clients to make confident, informed decisions. It also gives us an idea of what the future holds.
Overall, total sales in the Atlanta area real estate market continue to decrease even as prices and days on market rise.
QUICK TAKEAWAYS
- Total sales decreased nearly 7% year-over-year across the Atlanta MSA in the first half of the year. There have been 7,075 total sales so far in 2019 compared to 7,561 in the first half of 2018, a decrease of 6.86%.
- The median sales price of condos and townhomes in the first half of 2019 was $285,500 compared to $269,400 in 2018, an increase of 5.98%.
- In the Atlanta MSA, average days on market increased 22.22% to 44 days for condos and townhomes. Condos and townhomes in Ormewood Park & East Atlanta and Southwest Beltline had the lowest average days on market within the Atlanta MSA at 8 days.
Be sure to check out the full 2019 Atlanta Mid-Year Market Report here for more info on how the market performed in the first half of the year.
Whether buying or selling, it is increasingly important in current market conditions to talk with your Nest Broker about how your home fits into the bigger picture. They will advise you and prepare you to make knowledgable decisions and help you achieve your real estate goals. Interested in what’s happening in other markets? To view all of our area market reports, click here.
Have questions? Contact your Nest Broker today.