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North Metro Atlanta August 2016 Home Sales
It's deja vu all over again.  The North Metro Atlanta August 2016 Home Sales Report indicated a dip in month-to-month sales while prices went up.  Demand for houses cut into inventory on hand.
North Metro Atlanta August 2016 Home Sales
The First Multiple Listing Service (FMLS) reported that 4294 single-family detached homes were sold in North Metro Atlanta during August 2016.  While that was a slight 1.2% dip from the previous month, it was 9.5% higher than August 2015.  This helped boost the year-to-date totals even more.  Currently, they outpace last year by 7.3%.
Prices continue their ascent.  The average sale price for a North Metro Atlanta home sold in August 2016 was $339,140.  This showed a 1.5% bump from the previous month but a 14% increase from last year.  The average days a North Metro Atlanta home was on the market before going to contract went down from 45 last year to 42 last month.  
North Metro Atlanta Inventory LevelsDemand has taken a toll on inventory levels.  When referencing "inventory levels", it means the amount of time it would take to sell whatever homes are currently available without anything new coming on the market.  Six months of inventory is considered a "balanced" number.  Anything ... more

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