At the same time, sales fell almost 14% on both monthly and annual bases. 

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The record-breaking sales price comes as the pace of transactions slid from April, the National Association of REALTORS® said. 

The average 30-year fixed mortgage rate dipped to 6.87%.

The city also ranked fifth for year-over-year increases in new listings, RE/MAX said, citing its National Housing Report. 

Pro Tool Reviews analyzed home-renovation spending across the U.S. and determined that Atlantans spent $12.9 billion on home improvements over the last two years, just behind San Franciscans, who spent $13 billion.

With warm weather heating up much of the United States, many homeowners are craving new summer styles for their living spaces.

Sales by unit, meanwhile, were up on a monthly basis but down on an annual one. 

The S&P CoreLogic Case-Shiller U.S. National Home Price Index has hit a new record for six of the last 12 months, as demand remains strong in the face of tight inventory.

At the same time, the median price of a new home sold in April declined as well. 

The city saw a 30.9% annual jump in new listings in April, placing it fifth among the top 50 U.S. markets covered in the latest RE/MAX National Housing Report. 

Buyers are finally getting some relief as mortgage rates dip below 7% for the first time in five weeks, according to a Redfin report. 

New-home construction jumped 5.7% month over month after a soft March, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. 

According to a new report from RentCafe, hotels have overtaken offices as the most likely spaces to be converted into new apartments.

The pace of home sales continued to gain steam, as home prices gained ground as well, according to the latest Housing Market Snapshot from Georgia MLS. 

At the same time, home sales declined as days on market ticked higher.