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May 2018 North Metro Atlanta Market Report
We've hit the busy months of real estate in the North Metro Atlanta market. According to the May 2018 North Metro Atlanta Market Report, more homes were sold last month than in any other month this year so far. Families take advantage of the summer break to move. That gives kids time to adjust to their new surroundings before starting school back up in the fall. It also means more competition for dwindling inventory.
May 2018 North Metro Atlanta Market ReportMay 2018 North Metro Atlanta Market Report - Home SalesThe First Multiple Listing Service (FMLS) reported that a total of 4912 North Metro Atlanta homes were sold in May 2018. This marks a 1.9% increase from the 4819 sold in May 2017. The average days a home spent on the market dropped from 41.5 to 33. In fact, one home in Gwinnett County only spent one week on the market before entering escrow. That shows how competitive the market can be in some parts of the North Metro Atlanta area.
May 2018 North Metro Atlanta Market Report - Home PricesYear-over-year average sale prices continue to escalate. While Buyers paid $342,382 on average in May 2017, they paid 8.2% more last month, with an average ... more

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