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Atlanta, GA Real Estate Statistics. Atlanta GA Home Sales and Prices.

Atlanta, GA Home Sales - Atlanta, GA Real Estate Statistics and Trends. Find recent Atlanta GA recent homes sales data, real estate sales trends in charts and graphs, and Atlanta real estate blogs from the most recent MLS sold data.

ATLANTA GA REAL ESTATE TRENDS

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Atlanta Real Estate Statistics

Updated 05/10/2010

The most recent Atlanta real estate sales statistics for detached single family Atlanta homes - were just released from our primary MLS on February 20th for January closed sales. Despite what the newspapers and media are quoting, I 'm just not finding any good numbers here. None! Last January saw the single family closings from 2001 through 2009. January 2010 surpassed low with the lowest number of closings for a month during the past nine years. There were 2,222 closings for single family detached Atlanta homes sold and closed in January. This is the lowest monthly of total since January 1998.*

Atlanta Home Sales January

*FMLS DATA Apply to Metro Area Home Sales and not limited to the City of Atlanta.

Atlanta Home Prices

Atlanta home prices rise in January 2009, yet sales were down. The big thing is not to focus on the month to month fluctuations of the market, but rather to focus on the sales trends which give us the better perspective. The average detached single family fee simple Atlanta homes sales average sales price for single family detached was $189,205 or an increase of 5.4% over January 2009. However, single family attached had a year-to-year decline in average sale price. I created a January trend chart below to show you exactly what is occurring in our Atlanta real estate market.

The chart shows our market peaked in price for January sales in In January 2007 at $254,388. When compared to January 2010 that is a drop in the average sales price of 25.62% when we compare it to the average sales price today at $189,205. Please keep in mind these numbers are reflective our entire Atlanta Metro coverage and not limited to the city of Atlanta.

Atlanta Home Sales Prices

Atlanta Condos

Atlanta Condos have increased slightly in price in the Atlanta metro area for the last 7 months, and that is a good thing, however, sales have not. There were only 382 closings in January 2010 for single family attached Atlanta homes. (Condos, lofts, townhomes etc.) This was an increase in the average sales price of 9.8% over January 2009. However, you would have to go back to January 2003 for find a lower monthly total for units sold. The Atlanta area has been hard hit with commercial overbuilding of condos and townhomes in the last few years, and we will pay the price for a saturated market for many more years to come. Expect more Atlanta Condos and townhomes foreclosures to come on the market in 2010.

* These numbers are reflective of real estate statistics in the entire FMLS coverage area for Metro Atlanta, and not limited to the city of Atlanta.