The December housing market was a mixed bag for the Metro Atlanta housing market, according to a new report from RE/MAX of Georgia.
For the month, close transactions in the area declined 1 percent year-over-year to 3,908, while median sales price continued to rise, climbing 6 percent to $222,130. Interestingly, although sales were down, time on market declined, falling 3 percent to 59 days.
Additionally, RE/MAX of Georgia spotlighted four of Metro Atlanta’s top housing markets, and below, we have charted out three sets of stats about those marketplaces:
Home Sales
Although sales for Metro Atlanta were down 1 percent, the declines were much more dramatic in the four communities RE/MAX of Georgia highlighted, with the city of Atlanta leading the way with its 19.56-percent decline.
| Market | Dec. 2015 Sales | Dec. 2016 Sales | YOY Change |
|---|---|---|---|
| Atlanta | 593 | 477 | -19.56% |
| Marietta | 298 | 281 | -5.71% |
| Lawrenceville | 242 | 205 | -15.29% |
| Cumming | 248 | 217 | -12.5% |
Median Sales Price
Meanwhile, median sales price continued to rise, especially in the Lawrenceville and Cumming markets, where prices were up double digits:
| Market | Dec. 2015 Median Sales Price | Dec. 2016 Median Sales Price | YOY Change |
|---|---|---|---|
| Atlanta | $299,900 | $300,000 | 0% |
| Marietta | $252,250 | $267,000 | 6% |
| Lawrenceville | $176,895 | $201,000 | 14% |
| Cumming | $275,158 | $315,000 | 12.5% |
Days on Market
Finally, the days on market for Atlanta rose 11.11 percent, which is not entirely surprising, given the steep decline in sales. And although sales were also down in the Marietta, Lawrenceville and Cumming markets, market time also dropped:
| Market | Dec. 2015 Days on Market | Dec. 2016 Days on Market | YOY Change |
|---|---|---|---|
| Atlanta | 54 | 60 | 11.11% |
| Marietta | 56 | 51 | -8.93% |
| Lawrenceville | 63 | 52 | -17.46% |
| Cumming | 74 | 71 | -4.05% |