The most recent Atlanta real estate sales statistics were just released this evening, and it is a mixed bag of good. Yes sales are up and inventory is down. We are selling more Atlanta homes, but at much lower prices. To make sense of the numbers I have created an October Average Atlanta home sales price chart that compares only sales of single family detached Atlanta homes for October! The results are pretty much self explanatory. The Average sale price trends is moving lower here. Despite historic lows in 30 year fixed rate financing, our Atlanta homes average sales price numbers should have gone up if it was a healthy market. Lower mortgage interest rates in normal times = higher prices. That does not appear to be the case here. I am seeing a trend that out average sales price is off 21.4% from the peak of the market in October of 2006. The average sales price for single family detached Atlanta home in October was $201,038 or a decline of 6.9% from October 2008.
For More Atlanta real estate statistics- Click here!
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