By the Numbers

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

At the same time, the median sales price of properties sold rose 20.1% to $340,000, Georgia MLS reported.

Mortgage applications decline despite drop in interest rates
Mortgage applications decline despite drop in interest rates

“Mortgage rates decreased for the first time since August, as concerns about supply-chain bottlenecks, waning consumer confidence, weaker economic growth and rising inflation pushed Treasury yields lower.” — MBA associate vice president of economic and industry forecasting Joel Kan

Atlanta Housing Scorecard: Inventory drops again in October
Atlanta Housing Scorecard: Inventory drops again in October

Over the last year, Atlanta’s for-sale housing inventory has fallen to 9,450 homes from 13,196.

NAR: Pending-home sales slide 2.3% in September
NAR: Pending-home sales slide 2.3% in September

“Contract transactions slowed a bit in September and are showing signs of a calmer home price trend, as the market is running comfortably ahead of pre-pandemic activity.” — NAR chief economist Lawrence Yun

S&P CoreLogic Case-Shiller: Home prices rise again
S&P CoreLogic Case-Shiller: Home prices rise again

Home-price gains were once again broadly distributed, as all 20 cities in the S&P CoreLogic Case-Shiller Home Price Index rose, although in most cases at a slower rate than a month ago.

Mortgage applications rise despite increase in interest rates
Mortgage applications rise despite increase in interest rates

At the same time, the increase in interest rates drove fewer borrowers to refinance their loans, according to the Mortgage Bankers Association.

Housing market starts to balance in September, giving buyers more choices, time
Housing market starts to balance in September, giving buyers more choices, time

The month also saw a slight shift in inventory, even though shortages continued.

New-home sales rebound in September as prices hit new record
New-home sales rebound in September as prices hit new record

“There simply aren’t enough homes for sale relative to the demand fueled by millennials armed with low mortgage rate-driven house-buying power.” — First American Deputy Chief Economist Odeta Kushi

Atlanta home prices post slight monthly decline in September
Atlanta home prices post slight monthly decline in September

Year over year, sales were down 10.1%, while the median sales price was up 15.8%, Atlanta REALTORS Association reported.

NAR: Existing-home sales rebound in September
NAR: Existing-home sales rebound in September

The median existing-home price for all housing types in September was $352,800, up 13.3% on an annual basis, as every region in the country registered price increases.

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