Metro home sales down,

Prices rose in June

Jul 18, 2013, 11:39am EDT

Bloomberg

Metro Atlanta’s housing market stuck to the recent trend in June — decreased sales, higher prices.

The Atlanta Board of Realtors’ monthly Market Brief, compiled by RealValuator, shows 4,065 single-family residential sales in June — down 12.4 percent year-over-year and down 11.6 percent from May 2013.

The area’s median sales price for June was $215,000 — up 46.3 percent year-over-year and up 7.5 percent from May 2013.

“The metro Atlanta area supply of homes for sale remains significantly low,” said ABR President Nancy See, in a statement. “We are actually at our lowest point since the start of the year in terms of monthly inventory, with only 2.8 months’ supply. That represents a 33.3 percent drop since the same time period last year. Until inventory begins to rebound, it is reasonable to assume with such restricted availability that sales figures will continue to drop as they did this month, as well as in comparison to last year.”

The ABR’s monthly report tracks Cherokee, Clayton, Cobb, DeKalb, Douglas, Forsyth, Fulton, Gwinnett, Fayette, Henry and Paulding counties.