Our July Intown Atlanta Market Survey now measures market activity and changes over the last three years. Thus, we will now look back in 12 month increments from 2010 to 2007. This report looks at the numbers from the market as a whole from July 1, 2007 to June 30, 2010.
The Average Sales Price for the 12 months ending June 30, 2010 was $302,890, compared to the June 30, 2009 number of $305,351 and $358,083 as of June 30, 2008.
The one year change is negative 1% while the two year change is negative 15%.
Average Number of Days on the Market was 78 days over the last 12 months and 80 days for the period 2008-09. In 2007-08, the Average Number of Days on the Market was 77 days. Thus the one year change was minus 2% and the two year change was a positive 2%.
The Number of Units Sold in the last 12 months was 1,658, while in the 12 months ending June 2009 1,627 units sold and from July 2007 to June 2008 1,903 sold. The one year change is 2% and the two year change is negative 13%.
Annual Sales Volume from July ’09 to June ’10 was $502,190,858 compared to $496,806,108 in ’08-’09 and $681,431,388 in ’07-’08. The one year change was up 1% and the two year change was negative 26%.
The good news from this report is in the continuing improvement of the market over the last 12 months. Average Sales Price is only slightly negative and all of the other categories, including the all important Number of Units Sold and Sales Volume, are in positive territory. When compared to June’s year over year numbers, every category showed a positive change. We may look back at our July 2010 survey as the first sign of the Intown market’s turnaround!
Our next report will examine the Intown South market