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GAMLS: Price of homes in Atlanta surges year over year as sales volume declines

by John Yellig

Courtesy of the Georgia MLS.

The median sales price of homes sold in the Atlanta metro area surged by 22.5% on a year-over-year basis in July to $349,000, according to statistics from the Georgia MLS.

At the same time, sales volume by dollar amount rose 12.8% year over year to $3.31 billion but fell by 6.9% in terms of units sold.

The number of new listings was roughly flat, at 9,777, while the number of active listings dropped 39.1%, and under-contract listings declined by 14%.

GAMLS defines the Atlanta metropolitan region as Cherokee, Clayton, Cobb, DeKalb, Douglas, Fayette, Forsyth, Fulton, Gwinnett, Henry, Paulding and Rockdale counties.

 

 

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