North Metro Atlanta June 2016 Home Sales

By
Real Estate Agent with Keller Williams Realty Partners ~ 678.462.1191 agentandersen@gmail.com Georgia Broker 175548

Month-to-month North Metro Atlanta home sales continued their upward trajectory for the sixth month in a row.  The North Metro Atlanta June 2016 Home Sales showed that prices have gone up while existing home inventory has decreased.  Inventory of new construction stayed the same.

North Metro Atlanta June 2016 Home Sales

Total North Metro Atlanta Home Sales in June - 2012 to 2016

The First Muliple Listing Service reported that a total of 4615 North Metro Atlanta single-family detached homes were sold in June 2016.  This was 4.7% higher than May 2016.  However, it was a slight 0.01% decrease from June 2015.  The year-to-date sales in the North Metro Atlanta market are now 22,407, an 8.2% increase from the same time last year.

Average Sale Price of a North Metro Atlanta Home Sold in June - 2012 to 2016

The average sale price for a North Metro Atlanta home sold in June 2016 was $332,256.  This is a 4% increase from the same time last year and a 2.1% increase from May 2016.  The list price to sale price ratio increased slightly, from 97.5% last year to 97.7% last month.  The average days a home stayed on the market decreased from 49 in June 2015 to 42 in June 2016.

What North Metro Atlanta Buyers Need to Know

New construction had 6.9 months of inventory on hand.  This is the same as last year.  Existing home inventory decreased from 4.2 months in June 2015 to 3.4 months in June 2016.  What does this mean?  That is the amount of time it would take to sell the amount of homes currently on the market if no other listings came on the market.  Typically, anything over six months is considered a Buyers Market while anything under six months is a Sellers Market.

According to Bankrate.com, current market rates for a 30 year fixed-rate mortgage are 3.57% on average.  They have been hovering between 3.5% and 3.8% for the last few months.  Even as the average sale price has increased, it is still a great time to purchase a home.  Contact your North Metro Atlanta REALTOR® to get started on your home search now.

Laura Andersen, Keller Williams Realty Partners, your North Metro Atlanta REALTOR®

Posted by

Laura Andersen, REALTOR®, Associate Broker / Keller Williams Realty Partners
678-462-1191
AtlantaHOMEListings.com

 

  

  

 

 Laura Andersen | Associate Broker at KW Realty Partners | www.AtlantaHomeListings.com

 

 

 

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Rainmaker
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Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Laura Andersen, Grave information for buyers and sellers in your area to have.  Make it a great day!

Jul 18, 2016 12:49 AM #1
Rainmaker
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Tony and Suzanne Marriott, Associate Brokers
Haven Express @ Keller Williams Arizona Realty - Scottsdale, AZ
Serving Scottsdale, Phoenix and Maricopa County AZ

Hi Laura Andersen!

Thanks for a great series of posts featuring exceptionally well presented market reports for the Atlanta area!

We like your writing style!

We wish you great success with your blog posts and networking with other members of Active Rain!

We clicked the “Follow” button on your profile so that we will be alerted to your future blog posts and can read and comment on them, and we invite you to "follow us" - should you be interested. There is no requirement or obligation for you to do so, but we would be honored if you choose to do so!

Aug 20, 2016 05:23 AM #2
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Rainmaker
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Laura Andersen

A HomeSOLD Name (678)462-1191 Woodstock, Georgia
Call your Market Leader, Laura Andersen, for buying or selling
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