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ABR: Atlanta Home Sales Stumble in June

by Peter Thomas Ricci

After a few months of solid growth, home sales in the Atlanta area took a step back in June.

atlanta-11-country-area-home-sales-june-abr-atlanta-board-realtors

After a few strong months of growth, Atlanta-area home sales stumbled again in June, according to the latest market brief from the Atlanta Board of Realtors.

Home sales for the 11-county area were down 1.2 percent from June 2013 and 4.0 percent from May 2014; though home sales have been routinely down by yearly measures in 2014, they were up by monthly measures the previous three months (including a 20.2 percent increase in March).

Not All Sorrow in June

As ABR’s graph demonstrated, though, home sales remain on an upward trajectory:

june-sales

Also, both median sales price and housing inventory were positive in June. Median sales price was up 10.6 percent from June 2013 and 2.2 percent from May, and housing inventory rose 6 percent to 16,192 active listings.

Here’s an ABR graph showing the growth in prices:

june-median

Image credit: David.Cole%

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