The Atlanta FMLS came out yesterday with the Atlanta housing stats for February 2009.
I was really surprised at how things have kept going down. I personally had a pretty good February and the activity has really picked up. Maybe it will be March and April before that increased activity is reflected in the numbers. It also could be that what business is left is going to the fewer agents still in business.
Atlanta is a huge market so I have also graphed out the data for 24 separate market areas. Links to these posts are at the bottom of the page. You'll see that some areas are much worse than others. The total numbers are nice to know but it's really not much use when making decisions about your specific area in Atlanta.
These are the total FMLS numbers for single family detached homes.
Year over year, the total number of sales dropped from 2,939 to 2,411. (-18%)
Year over year, the average sales price dropped from $239,232 to $179,368. (-25%)
A 25% decrease in price is huge but I think the average is distorted. Prices have come down but I think the totals are deceiving. When you look at the separate market areas, you'll notice that there have been increases in the number of sales in the low priced decreasing areas and decreases in sales in the more expensive market areas. This distorts the overall averages.
Also, the FMLS market area continues to grow to cover more and more of the state of Georgia. It doesn't just reflect the metro Atlanta area anymore. Therefore it's even more important to look at individual market areas to get a better understanding of what's happening. (see links below)
All data for graphs is taken from the FMLS statistics put out by Smart Numbers.
For other market areas as shown in the following map, please click on the links below.
All areas combined: Summary of all FMLS areas
Area 13: North Fulton, Alpharetta/Roswell West of 400
Area 14: North Fulton, Alpharetta East of 400
Area 131: Sandy Springs North of 285
Area 132: Sandy Springs Southe of 285
Area 21: Buckhead
Area 23: Midtown/Virginia Highlands
Area 31: South Fulton, West End
Area 33: South Fulton outside 285
Area 81: East Cobb, North
Area 82: East Cobb, Central
Area 83: East Cobb South
Area 72: South Cobb
Area 73: Cobb West Central
Area 74: Cobb West
Area 75: Cobb Northwest
Area 121: North DeKalb, Dunwoody
Area 41: DeKalb, Tucker
Area 42: DeKalb, Stone Mountain
Area 43: DeKalb South
Area 221: Forsyth East
Area 222: Forsyth Southwest
Area 62: Gwinnett, Duluth/Buford
Area 64: Gwinnett, Southwest
Area 161: Clayton County
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