Atlanta Real Estate Statistics - July 2009
The most recent Atlanta real estate statistics were just released this week by our primary Multiple Listing Service FMLS. For July single family detached metro area Atlanta homes for sale, there were 4,325 Atlanta homes sales with an average sales price of $218,840 with a List Price / Sales Price Ratio of 94% and had an average list Price of $232,829 and the original Average List price was $266,290. When these numbers are compared the OLP/ SP ratio is 87.4%. Total Days On Market is running 150 Days. Sale prices for single family detached set a monthly all-time high of $284,873 June 2007 so we are we are still $66,000 off that peak in home price. The total dollar sales volume closed for single family detached homes is also a very eye opening number. In July 2007 it stood at $1,436,081,394 while in July 2009 it was $946,483,658 or a 34% drop in dollar volume.
For the last 28 reporting periods there has been a decline in single family attached homes. This figure include Atlanta condos and Atlanta town homes. Combined sales for the entire FMLS reporting area is a mere 655 condos / town homes sold in July 2009 which is a decline of 17.4% from July 2008. The average sale price for single family attached was $157,537 in July 2009 a decline of 15.7% from July 2008.
4,982 expired listings for all single family in July and there were 2,122 withdrawn listings for all single family in July.