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.


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:


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:


Image credit: David.Cole%

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