Median Sales Price Rising Rapidly in Metro Atlanta
The median sales price of a single family home in metro Atlanta increased 8.6 percent in the last quarter of 2018 when compared to a year earlier, more than twice the national increase of 4 percent. A median sales price indicates the midpoint of home sales in a particular area-- half the properties sold in a particular area sold for more than the median sales price, and half the properties sold for less. In metro Atlanta, the median sales price rose to $216,100.00. Market analysts expect that increasing supply may help slow the increases in home prices in the coming months.
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