The most recent numbers for closed December detached single family Atlanta homes were just released from our Atlanta MLS this past week. I decided to compare this average sales pricing to the same time-frame in preceding years. It was interesting to note that the peak in price was $261,023 for December 2006. The peak in average Atlanta homes sales price was $292,245 in June of 2007 for a single family detached Atlanta home! That is a 30.83% drop in the average sales price! That is almost a drop if a third drop in the average sales price of a detached Atlanta homes.
****Please keep in mind that when referring to the Atlanta home sales, I am referring to the entire MLS coverage of the greater Atlanta METRO area and not limiting the statistics to the city of Atlanta.
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