The results of our February survey are in. The survey covers single family residential sales in 25 Intown Atlanta submarkets. The survey compares transactions from the period February 2007-January 2008 to the period February 2008-January 2009. The survey showed some markets improving while others continue to falter.
In a bit of good news, the “unweighted” Average Sales Price of all of the submarkets increased slightly from last month by .62%. Year over year Average Sales Price was still down by 7.1% from $378,704 to $351,749. Average Days on the Market went from 75.8 in January to 75.6 this month. Year over year Average Days on the Market increased by 2.9% from 73.5 to 75.6.
The Number of Units Sold increased by 5.5% when compared to January’s numbers. Year over year totals fell from 2,051 to 1,816
Overall, the survey showed small positive movements in Average Sales Prices, Number of Units Sold and Average Days on the Market. Could this be the beginning of the long awaited turnaround?
Our next posting will study the Intown South Submarkets.
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