Weichert, Realtors – the Collective
The Collective Month At-A-Glance HOME REPORT| OCTOBER 2018 Atlanta’s Comprehensive Residential Real Estate Report ON THE COVER: 1481 Jones Road, Roswell 30075 The Collective Month At-A-Glance HOME REPORT| OCTOBER 2018 NATIONAL MARKET NEWS The National Association of Realtors (NAR) reported an increase of national inventory following six straight months of decreases. The median home price checked in at $255,400, up 3.8 percent from October 2017, making it the 80th straight month of price increases nationwide. United States sales in October were down 5.3 percent from last year, with 4.62 million homes sold. Properties nationwide spent an average of 33 days on the market, with 46 percent of them going under contract in less than a month. All-cash sales made up 23 percent of October’s transactions, and 31 percent of home sales in this month were first-time homebuyers. ATLANTA MARKET-WIDE Covering 11 Counties: CHEROKEE, CLAYTON, COBB, DEKALB, DOUGLAS, FAYETTE, FORSYTH, FULTON, GWINNETT, PAULDING, AND ROCKDALE. According to data from the Atlanta Realtors Association, metro Atlanta Realtors sold a total of 4,448 homes in October, a slowdown of 1,173 homes sold in September. The city saw 4,962 new listings to complete the total of 14,947 active listings in the metro area, up 163 listings from September. October’s average sales price was $3,000, up 6.9 percent from October 2017, and the median sales price was $263,000, a 9.1 percent increase from last year. DEMAND: PRICE: Home sales in October decreased 2.9 percent from September saw another month of positive gains last year.
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