February 2014 Market Update
The Atlanta Board of Realtors recently released their February report, offering us an overview of real estate trends in the Metro Atlanta real estate market. This month, they had some exciting news to report:
- Median home sales prices increased almost 17% year over year (impressive!)
- Monthly, median prices increased 3.9% in comparison to January 2014
- The median sales price for February 2014 was $187,000
- A total of 2,344 homes sold in February
Forecast for the Atlanta Real Estate Market this Spring
The Atlanta Board of Realtors is also forecasting that low housing inventory and a slow start to the home buying season (due to inclement weather), may make the Spring selling season very interesting! If you are even just a tiny bit curious about the current value of your home, please give us a call at 404.432.1844.
Source of data above:
Atlanta Board of Realtors and FMLS. The report covers eleven Metro Atlanta counties, including Cherokee, Clayton, Cobb, DeKalb, Douglas, Fulton, Gwinnett, Paulding, Fayette, Forsyth and Rockdale.
POSTED BY: Kerry Lucasse, Team Leader for the Nest Atlanta Real Estate Group at EXP Realty International. If we can help you in any way, please email or call us at 404.721.3001 or 404.432.1844.