New Weakening in Contracts for Atlanta Real Estate Market

Sales dropped to one home sold in the Atlanta market over the last 30 days. Furthermore, a solid downturn in the number of pending transactions continued, with zero completed in the same period. All indications show that the trend may be coming to an end, meaning more pending transactions over the next few weeks. The median sales price remained unchanged over the latest reporting period for Atlanta, coming in at $78,000. In spite of contracts trending lower, there are only three months of inventory available, which signals that Atlanta is a still seller's market.

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Demographic facts for Atlanta:

  • This area has a median house value of $95,300.
  • Average number of rainy days is 119 per year. (U.S. average: 100)
  • The unemployment rate for this area is 6.1%.
  • The student-to-teacher ratio is 18.2:1. (15.3:1 = national average)

Data reported through 10/19/2016

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