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November 2017 North Metro Atlanta Market Report
The end of the year typically slows down in real estate. That's because everybody gets caught up in the holidays. Buying a home tends to be put on the back burner until after the new year, typically well into spring. The November 2017 North Metro Atlanta Market Report reflected this with sales slowing down and prices remaining close to what they were last November. New construction inventory rose while existing inventory continues to shrink.
November 2017 North Metro Atlanta Home SalesAccording to the First Multiple Listing Service (FMLS), a total of 3400 single-family detached homes were sold in the North Metro Atlanta area during November 2017. While this showed a 6.2% decrease from October's sales, it still marked a 2.3% increase from last November's sales figures. And the days on market decreased from 49 last year to 46 in November 2017.
November 2017 North Metro Atlanta Home PricesPrices continue to go up in the North Metro Atlanta area. But we only saw a slight uptick. Last November, the FMLS reported an average sale price of $341,144. This increased just 0.5% to $342,954 last month. Fulton County was the only area that showed an average sale price over $1,000,000. The list-price-to-sale-price ratio decreased from 97.6% ... more
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