"In July, home prices fell slightly from the month before, with a median listing price of $417,500. The number of listings on the market grew 13%, which is a bigger increase than normal for this time of the year in Atlanta, and homes are also selling slower than at the same time last year. Typically, home prices in Atlanta tend to fall in July."
"And the most recent data shows that the price per square foot decreased by 1.0% compared with the month before. So, how does this compare with the rest of the U.S.? Nationally, home prices decreased 1.2%. In July, there were 4,704 homes for sale in Atlanta-13% more than the month before and 63% more than the same time last year."
"And there were 1,418 new listings, which is 9% less than the month before and 11% more than the same time last year. Nationally, active inventory rose by 15% in July, and the number of new listings fell by 6% over the same period. Homes in Atlanta take an average of 49 days to sell, according to July figures, which is slower than usual for this time of the year."
Atlanta reported a slight month-over-month decline in home prices in July, with a median listing price of $417,500 and a 1.0% decrease in price per square foot. Inventory expanded to 4,704 active listings, up 13% from June and 63% year-over-year. New listings numbered 1,418, down 9% from the prior month but up 11% year-over-year. Nationally, active inventory rose 15% while new listings fell 6%. Homes in Atlanta averaged 49 days on market in July, five days longer than both the previous month and the same month last year, compared with a 51-day national average.
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