"In September, home prices fell slightly from the month before, with a median listing price of $369,800. The number of listings on the market shrank 1.6% from last month, which is a bigger decrease 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 price per square foot in Atlanta tend to fall in September. And the most recent data shows that the price per square foot decreased by 0.4% compared with the month before. So, how does this compare with the rest of the U.S.? Nationally, home price per square foot decreased 0.8%, which means price changes in The ATL are smaller the national market."
"In September, there were 5,274 homes for sale in Atlanta, which was 1.6% less than the month before and 14.9% more than the same time last year. Meanwhile, active inventory across the nation rose by 0.2% from last month to 1,100,407. Homes in Atlanta take an average of 64 days to sell, according to September figures. This is two days more than the previous month and 13 days more than the same month last year."
Median listing price in Atlanta was $369,800 in September, a slight month-over-month decline. The number of listings fell 1.6% from the previous month, a larger-than-normal seasonal decrease, while inventory remained 14.9% above year-ago levels with 5,274 homes for sale. Price per square foot decreased 0.4% from the prior month, compared with a 0.8% national decline. Homes in Atlanta averaged 64 days on market, two days longer than August and 13 days longer than September last year. Nationally, active inventory rose 0.2% and the median days on market was 62 in September.
Read at SFGATE
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