Our August Adams Realtors Intown Atlanta Market Survey measures market activity and changes over the last three years. We will look back in 12 month increments from 2010 to 2007. This report looks at the numbers from the market as a whole from August 1, 2007 to July 31, 2010.
The Average Sales Price for the 12 months ending July 31, 2010 was $305,324, compared to the July 31, 2009 number of $302,869 and $357,890 as of July 31, 2008.
The one year change is up 1% while the two year change is negative 15%.
Average Number of Days on the Market was 79 days over the last 12 months and also 79 days for the period 2008-09. In 2007-08, the Average Number of Days on the Market was 77 days. Thus, over one year there was no change in the number of days on the market and the two year change was a positive 3%.
The Number of Units Sold in the last 12 months was 1,616, while in the 12 months ending July 2009 1,631 units sold and from August 2007 to July 2008 1,874 sold. The one year change is negative 1% and the two year change is negative 14%.
Annual Sales Volume from August ’09 to July ’10 was $493,403,598 compared to $493,979,960 in ’08-’09 and $670,686,550 in ’07-’08. The one year change was down by a fraction of 1% and the two year change was negative 26%.
The Intown Atlanta Market continues to show signs of stabilizing and slow growth. The year over year Average Sales Price is up slightly. The Number of Days on the Market over the last year is unchanged. The Number of Units Sold was down by 1% and annual Sales Volume over the last 12 months was virtually unchanged. Our own experience over the last few months has been that after a pause in May that reflected the end of the homebuyer tax credits, business has been definitely on the upswing
Our next report will examine the Intown South market