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Attlanta Real Estate | Atlanta Real Estate Market Update - Home Sales Trends in Atlanta Sept. 23, 2009

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Real Estate Agent with Long & Foster 0225078705

Atlanta Real Estate Market Update


Atlanta First Multiple Listing Service FMLS released the most current  Atlanta real estate market statistics today for greater metro Atlanta real estate today.  While they posted the news as a good news bad news story, I am not seeing a lot of positive news in it.  Sales are up marginally from last August for detached single family Atlanta homes, and also for attached homes Atlanta Condos and Atlanta town homes.  There were 681 sales for attached homes for the month of August that is a 5% increase over last August.  Single family detached home sales rose to 3,768 sales vs. 3,737 last August. When you consider that $241,761 was the price of an average single family detached Atlanta homes in August of 2008, and the average sales price of $203,041 in August of 2009...I am having a hard time getting excited over a 16% drop in Atlanta home values YTD.
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James Crawford Broker Associate

Long & Foster Fredericksburg Virginia

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