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.
Buying or refinancing in metro Atlanta? Contact Peachtree Mortgage Services, Inc. at 770.481.0052 or firstname.lastname@example.org.