Atlanta Area Median Home Price Up in Fourth Quarter
The median home price in the Atlanta area in the fourth quarter of 2020 increased 18.6% to $275,200 when compared to a year earlier. The median home price is the price point at which half of all home sales were higher and half were lower. Nationally, the median home price increased 14.9% to $315,900. Real estate experts say that on-going low home mortgage interest rates and low home inventory levels triggered the increase in median home sales price.
Home prices are headed up! Contact Peachtree Mortgage Services, Inc. at email@example.com or 770.481.0052 to discuss your home mortgage needs.