November brought notable changes to the Metro Atlanta real estate market, and here’s a concise breakdown of the statistics.
In North Fulton, new listings rose by 10%, even as active listings decreased by 13%. Sales were stable, with a marginal 1% increase, and the average sales price for properties increased by 4% to $758,533. Detached homes increased in price by 4%, while attached homes saw a more significant price growth of 16%.
New listings in East Cobb were up by 3%, while active listings decreased by 17%. The number of sales dropped by 17%, but the average sales price grew by 11% to $599,824. Both detached and attached homes saw their average prices rise, by 10% and 9% respectively.
Buckhead showed a significant 49% increase in new listings, with a slight 1% decrease in sales. The average sales price for properties rose sharply by 22% to $961,397. Detached homes had a 13% increase in average sales price, while attached homes saw a notable increase of 26%.
Intown experienced a 22% increase in new listings, with a slight 4% increase in active listings. However, there was a 25% decrease in sales. The average sales price of properties went up by 7% to $600,440, with detached homes increasing by 8% and attached homes by 4%.
New listings in Sandy Springs increased by 17%, active listings remained stable, and sales went up by 3%. The average sales price rose significantly by 26% to $823,538. The average price of detached homes grew by 32%, while attached homes saw a 10% increase.
In the Brookhaven/Dunwoody market, new listings decreased by 16%, and active listings fell by 14%, with sales dropping by 7%. The average sales price of properties saw a 7% increase to $664,454. Detached homes’ average prices rose by 15%, while attached homes’ prices remained unchanged.
Across the wider Metro Atlanta area, new listings went up by 9%, while active listings decreased by 7%, and sales fell by 11%. The average sales price for properties increased by 9% to $501,355, with detached homes and attached homes increasing by 8% and 13%, respectively.
In summary, the Metro Atlanta real estate market in November showed a mixed pattern with increases in new listings and average sales prices, despite decreases in active listings and the number of sales. This suggests a competitive market with strong demand and rising property values.
For detailed advice on navigating this market, reach out to a Dorsey Alston agent who can provide targeted market guidance.
