Median Sales Price of Atlanta Area Homes Up 15% When Compared to Last Year
The median sales price of a home --the number at which half of all homes sold for more and half sold for less-- reached $289,900 in the Atlanta area in September, an increase of fifteen percent when compared to September 2019. Low home mortgage interest rates and a shortage of homes on the market have contributed to the inventory shortages and rising prices, as many homeowners are reluctant to put their homes on the market during the pandemic and buyers are willing to pay more in order to secure a new home due to the limited supply of homes available.
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