The Atlanta FMLS most recent sales statistics were just released today from our primary First Multiple Listing Service FMLS for closed November home sales both detached and attached homes. There were some good signs of improvement for our troubled real estate market. There were 4,377 closings for all single family in November in the Atlanta Metro market, and this was comprised of 3,630 closings in November 2009 for single family detached. (an increase of 32.9% over November 2008) and 747 closings in November for single family attached (an 85.8% increase over November 2008!)
The average sale prices for all single family remained weak in November. However, this lower price point helped stimulate the increase in demand along with historic lows in fixed mortgage rates and the would be 8K tax credits ending.
The November average closed price was $189,306 which is the lowest reported monthly average since April 2009's $182,369. The average closed price for single family attached in November 2009 was $147,347. This is down 8.5% from November 2008 and the 24th consecutive year-to-year monthly average price decline.
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