Atlanta Housing Market Growth Continues in January 2016

Atlanta, GA, February 23, 2016—Average and median sales prices for 11 metro Atlanta counties continue to outpace last year’s figures, according to the Atlanta Board of Realtors.

The median sales price in January 2016 was $213,000, a 9.2% increase from last January.

The average sales price was $275,000, up 8.7% from the previous year, the Board of Realtors reported citing data from Multiple Listing Service.

Demand saw a 3.3% jump from last year.

January residential sales were at 2,694.

Supply dropped 3.8% from January 2015.

Atlanta area housing inventory totaled 13,242 units in January.

New listings totaled 4,077, down 6.8% from January 2015 and up 40.4% from the previous month. The supply for sales over a 12-month period declined to 3.1 months.