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January 2018 North Metro Atlanta Market Report
Even with colder than normal temperatures, including snow at one point, the January 2018 North Metro Atlanta Market Report indicated a busier than normal month. Sales and prices rose while inventory fell. Existing homes averaged less than two months throughout the entire North Metro Atlanta region. If demand continues to go up, inventory could be even harder to come by in the months ahead.
January 2018 North Metro Atlanta Home SalesThe First Multiple Listing Service reported a total of 2485 North Metro Atlanta single-family detached homes were sold in January 2018. That marked a 1.8% increase from January 2017's total sales. The average days a North Metro Atlanta home spent on the market dipped slightly from 56 in January 2017 to 54 last month.
January 2018 North Metro Atlanta Home PricesMore demand tends to push prices up. That could help account for the 5.9% bump in prices. Back in January 2017, the average sale price for a North Metro Atlanta home was $317,967. That increased to $336,770 in January 2018. Parts of Fulton County show the highest reported average at $1,101,738 (0.6% less than the $1,108,939 average in the same area last year). The list-price-to-sale-price ratio rose from 96.9% last year to 97.4% last ... more

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