Monthly Metro Atlanta Real Estate Statistics :: August 2015

MMO August 2015

The Metro Atlanta Real Estate Market continued an upward annual trend in August with 14.9% more sales than August 2014! And, The Peters Company continued to outperform the market by selling 20% more homes than August 2014.

So… How did August 2015 compare to August 2014?

  • Only 1% More Homes for Sale this August
  • 14.9% More Homes Sold this July
  • Foreclosures Down 2% to 3.8%
    • 5-10% distressed sales is normal
  • Short sales Down 4% to 2.4%
    • Theoretically, by 2016, all homes should be back above water
  • 3.0 Months of Supply (Down 14.3% from last year)
    • Anything under 6 months of supply is considered a sellers market
  • Median Original List Price is up 2.9% to $250,000
    • Still rising due to low supply
  • Median Sales Price is up 5.9% to $243,625
    • Still rising due to continued low supply
  • Median Sales/List Price Ratio remains around 96.8% (Here at The Peters Co we’re at 98.4%)
  • Median Days on Market is nearly flat from last year at 38 days (Here at The Peters Co we’re at 7 days on the market – Yep not a typo… 7 DAYS!!!)

And, in case you’re interested… The Metro Atlanta condo market’s very own statistics:

  • Sharply Higher Condos/Townhomes Sold Compared to Last Year (Up 16.1%)
  • Distressed Condo/Townhome Property Sales are Down 7.8% to 5%
  • 2.2 Months of Supply (even lower than detached residences and a SERIOUS sellers market)
  • Median Original List Price is up 9.3% to $185,631
  • Median Sales Price is up 10.4% to $181,000
  • Median Sales/List Price Ratio is slightly higher around 97.3%
  • Median Days on Market is down 22.2% to 28 days on market 

If you’ve been thinking of buying or selling in Metro Atlanta and just want to chat about the market in your neighborhood, we’d love nothing more than to hear from you! The Peters Company can give you a free and highly accurate opinion of value. Give us a call at 404-419-3619 today! 

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