Atlanta REALTORS® Releases December 2019 Statistics on Housing Market
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Atlanta REALTORS® Releases December 2019 Statistics on Housing Market

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The Atlanta REALTORS® Market Brief examines sales, prices in 11-county metro area

Atlanta, GA – RealEstateRama – Atlanta REALTORS® Association (ARA), the largest association of its kind in Georgia, released its December 2019 Market Brief on residential housing statistics for 11 area counties in metropolitan Atlanta. The Market Brief, compiled by First Multiple Listing Service (FMLS), provides the only regionally-focused synopsis of monthly sales and home prices for single-family residential properties.

Annual Comparison

December, 2019

December, 2018

% Change

Total Home Sales

4,643

4,081

13.8%

Median Sales Price

$285,000

$265,000

7.5%

Average Sales Price

$348,000

$324,000

7.4%

Monthly Comparison

December, 2019

November, 2019

% Change

Total Home Sales

4,643

4336

7.1%

Median Sales Price

$285,000

$275,000

3.6%

Average Sales Price

$348,000

$338,000

3.0%

Demand: December residential sales were at 4,643, an increase of 13.8% from the previous year.

Price: Average and median sales prices continue to gain traction and outpace 2018’s figures, with positive gains. The Median sales price in December was $255,000, an increase of 7.5% from last December. The average sales price was $348,000, up 7.4% from the previous year.

Supply: Atlanta area housing inventory totaled 12,246 units in December, a decrease of 8.0% from December 2018. New listings totaled 2,812, down 6.7% from December 2018 and down 20.4% from the previous month. The month’s supply over a 12-month period decreased to 2.5 months.

Largest Metro Counties Sales Comparison

Total Units Sold

Median Sales Price

Average Sales Price

Cobb

723

$303,000

$350,000

DeKalb

581

$295,000

$347,000

Fulton

908

$370,000

$479,000

Gwinnett

996

$261,000

$294,000

A Word from 2020 Atlanta REALTORS® President Jennifer Pino:

Jennifer Pino, President of Atlanta REALTORS® Association said “Not only has the December 2019 Atlanta-area housing inventory increased from last year, but average and median sales prices continue to rise and outpace 2018’s figures. The steady rise in value is an indication of strong continued demand and is great news for homeowners, whose largest investment is often their home.”

The Atlanta REALTORS® Market Brief is designed to offer an overview of the Atlanta residential market by providing a synopsis of sales and home prices, and covers 11 counties: Cherokee, Clayton, Cobb, DeKalb, Douglas, Forsyth, Fulton, Gwinnett, Fayette, Henry and Paulding. Numbers in the reports are updated each month to reflect any additional recordings from the previous month. Each month, the numbers reported for the previous month are updated to reflect additional recordings.

For more information or details on the reports, please contact Atlanta REALTORS® at 404-250-0051.

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About the ATLANTA REALTORS® Association:

The Atlanta REALTORS® (ARA, formerly the Atlanta Board of REALTORS®) is the voice of residential real estate in Metro Atlanta and has been an instrumental factor in the growth of real estate in the state of Georgia for more than a century. As the largest REALTOR® association in Georgia, ARA serves as a central source of information for its members by focusing on real estate education, the promotion of professionalism in the industry and representing members with legislative initiatives to create positive change for the real estate community.  While less than 50% of active real estate licensees in Georgia meet the requirements to become REALTORS®, they constitute 80% of the top producing agents. Membership in ARA is the hallmark of quality, professionalism, and production.

About FMLS:

First Multiple Listing Service, Inc. (FMLS) is the premier data services provider for real estate professionals in Georgia. FMLS was founded by a handful of real estate brokers in Atlanta in 1957. Today, membership is growing quickly and is spreading in every direction. Currently, FMLS has over 2,300 offices and serves more than 43,000 real estate agents. The FMLS listing database contains more than 31,000 active listings located all over Georgia and the Southeast.

CONTACTS:
Atlanta REALTORS® Association
oel McRae, Digital Marketing Specialist
Office: 404.732.0613
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Reggie McCrary, Chief Executive Officer
Office:  404.732.0601
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