Demand: March residential sales were at 4,838, a decrease of 10.2% from the previous year.
Price: Average and median sales prices continue to gain traction and outpace 2017’s figures, with positive gains. The median sales price in March was $268,000, an increase of 7.6% from last March. The average sales price was $326,000, up 7.9% from the previous year.
Supply: Atlanta area housing inventory totaled 11,639 units in March, a decrease of 26.5% from March, 2017. New listings totaled 4,898, down 13.4% from March, 2017 and up 23.6% from the previous month. The month’s supply over a 12-month period increased to 2.4 months.