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GAMLS: Home sales drop 8.2% year over year in October

by John Yellig

The number of houses sold in metro Atlanta in October fell by 8.2% on a year-over-year basis to 8,471, while the median sales price of those properties rose 20.1% to $340,000, Georgia MLS reported, citing its monthly Housing Market Snapshot.

That brought the total sales volume to $3.36 billion, 8.3% higher than October 2020.

Month over month, sales by unit were down 5.2%, while sales by dollar volume declined 2.6%, and the median sales price rose 3.7% from $328,000 in September.

New listings declined 1.3% in October compared to September, while active listings rose 2.2%, and under-contract listings rose 1%.

Georgia MLS’ 12-county report includes Cherokee, Clayton, Cobb, DeKalb, Douglas, Fayette, Forsyth, Fulton, Gwinnett, Henry, Paulding and Rockdale counties.

Courtesy of Georgia MLS.

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