GAMLS: August sales price dips but still up from a year ago

by Timothy Inklebarger

Total home sales and the median price of those sales in the Atlanta area dipped in August from the previous month, but the market largely maintained its forward momentum from a year ago, according to Georgia MLS‘ monthly Housing Market Snapshot report.

The 12-county report, which includes Cherokee, Clayton, Cobb, DeKalb, Douglas, Fayette, Forsyth, Fulton, Gwinnett, Henry, Paulding and Rockdale, revealed that the median sales price dropped 2.6% to $340,000 from the previous month. Despite the slight month-over-month dip, the median sales price was still up 18.3% from the same time last year, when the median price was $287,400. 

The report also noted that the total sales volume of $3 billion in August was up 8.2% from a year ago but down 9.6% from July.

Courtesy Georgia MLS

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