Atlanta Property Management: Housing Indicators Point to Continued Recovery in September

According to the Georgia Association of Realtors®, inventory is on the rise, with a six-year high for new construction, according to the U.S. Commerce Department. Housing indicators for Atlanta, Georgia for the month of September are forecasted as follows:

• Median Prices rose 14% to $165,000
• Average Prices rose 12% to $204,314
• New Listings increased 10%
• Pending Sales increased 25%
• Closed Sales increased 12%
• Inventory Levels increased 3.2% to 45,112
• Months Supply of Homes for Sale decreased 3.3%
• Days on Market increased 2.8% to 74 days
• Percent of Original Price Received decreased .07% to 94.2%