July 2017 North Metro Atlanta Home Sales

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

According to the July 2017 North Metro Atlanta Home Sales, sales dipped slightly from last year while prices continue to march upward. Inventory is mixed.Sales may have tapered off a little, but prices continue their march upward.  According to the July 2017 North Metro Atlanta Home Sales, year-over-year sales dipped for only the second time this year.  Inventory of newly constructed home increased while resale inventory decreased.  Read on for more details.

July 2017 North Metro Atlanta Home Sales

The First Multiple Listing Service (FMLS) reported a total of 4337 North Metro Atlanta homes sold in July 2017, a slight 0.1% dip from the same time last year.  This marks the first time since February that year-over-year sales decreased.  It's also 12.2% less than June's total sales.  The average days a home stays on the market has increased from 37 in July 2016 to 39 in July 2017.

July 2017 North Metro Atlanta Home Prices

Unlike sales, prices marched upward again.  FMLS reported an average sale price for North Metro Atlanta homes at $350,590, a 4.9% uptick from last July's $334,292 average.  It's also an ever so slight 0.5% increase from June 2017.  Buyers are paying 98.2% of the list price on average, 0.4% more than last July.  In parts of Fulton and Dekalb, they are paying 100% of the list price.

July 2017 North Metro Atlanta Inventory

Inventory levels are a mixed bag this month.  New construction increased from 6.6 months to 7.3 months available.  In Rockdale, they showed 29 months of inventory on hand.  That's almost two and a half years...definitely a Buyer's market!  On the other hand, resale inventory dropped from 3.4 months last year to 3.1 months this year.  Parts of Cobb only have one month available.

What North Metro Atlanta Buyers Need to Know

In the real estate game, prices are driven by supply and demand.  High demand partnered with a low supply drives prices up.  Low demand and high inventory usually means there's room to negotiate on the price.  Interest rates for a 30 year fixed-rate mortgage sit at 4.125% as of the writing of this post for those Buyers with good credit.  If you're interested in a home of your own, start getting your financing in place right now.  Then, Contact your North Metro Atlanta REALTOR@ right away.

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

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Laura Andersen, REALTOR®, Associate Broker / Keller Williams Realty Partners





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





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Jeffrey Jones
AZ Home Seekers - San Tan Valley, AZ
AZ Home Seekers, azhomeseekers.com

What a great report. Thank you for the information, I'm sure both buyers and sellers will find it useful.

Aug 19, 2017 07:46 AM #1
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Laura,  Thanks for the market report, always love to see what is happening in other areas of the country.

Aug 19, 2017 08:09 AM #2
Jeremy K. Frost
Keller Williams Realty - Dripping Springs, TX
Associate Broker, ABR,CNE,CRS,ePro,PSA,RENE,SRS

Thank you for keeping us posted and up to date. Best of luck!

Aug 19, 2017 09:55 AM #3
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Laura Andersen

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