By the Numbers
In Atlanta, home prices posted a 2.35% year-over-year gain in December, while they slid 0.56% month over month.
At the same time, builder sales expectations for the next six months posted their second-largest drop since the sentiment index started in 1985.
The trends are in keeping with those seen at the same time a year ago, Georgia MLS noted.
On a city basis, Chicago posted the highest annual increase among the country’s 20 largest metros, followed by Miami, Las Vegas and Washington, D.C.
The median existing-home price for all housing types in December rose 6% from its year-ago level.
Nationally, home sales were up 13.3% year over year and 4.4% month over month, RE/MAX said.
The median sales price rose 1.3% month over month to $400,000.
In its last reading before the end of the year, the National Association of REALTORS® Pending Home Sales Index posted its fourth consecutive monthly increase in November.
The median-sales price slid from $425,600 in October to $402,600 last month.
The year-over-year increase of 6.1% is the greatest since June 2021, according to the association.
On a monthly basis, however, sales were down 13.3%, RE/MAX said.
More buyers are touring homes and applying for mortgages as the 2024 housing market enters its home stretch, according to a new Redfin report.
The median sales price was also down during the month.
Atlanta is the 30th-priciest rental market in the country, according to Zumper’s November National Rent Report.
Despite the new record in September, the rate of increase continues to slow.
The new findings come from real estate tech strategist Mike DelPrete.
