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October 2018 North Metro Atlanta Market Report
Newly constructed homes in the North Metro Atlanta real estate market dropped off slightly while existing inventory rose. Prices continue to steadily increase, according to the October 2018 North Metro Atlanta Market Report. Sales were up as well. It looks like we could finish off 2018 pretty strongly.
October 2018 North Metro Atlanta Market ReportOctober 2018 North Metro Atlanta Market Report - SalesAccording to the First Multiple Listing Service (FMLS), a total of 3688 single-family detached homes were sold in the North Metro Atlanta area in October 2018. That showed a slight 1.7% increase from the same time last year. It rose marginally from the 3648 sold in September 2018. The average days a North Metro Atlanta home spent on the market before going under contract decreased from 47 last year to 40 last month.
October 2018 North Metro Atlanta Market Report - PricesPrices maintained their upward trajectory. The average sale price for a North Metro Atlanta home rose from $333,776 in October 2017 to $354,914 in October 2018, a 6.3% increase. The $1+ million average sale price in portions of Fulton County persisted for the third month in a row with a reported $1,122,081 last month. The list price/sale price ratio rose ... more
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