Our October 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 October 1, 2007 to September 30, 2010.
The Average Sales Price for the 12 months ending September 30, 2010 was $301,242 compared to the September 30, 2009 number of $369,106 and $403,878 as of September 30, 2008. The one year change is down 18% while the two year change is negative 25%.
Average Number of Days on the Market was 78 days over the last 12 months and 84 days for the period 2008-09. In 2007-08, the Average Number of Days on the Market was 76 days. Thus over one year change was down 7% and the two year change was a positive 3%.
The Number of Units Sold in the last 12 months was 1,550, while in the 12 months ending September 2009 1,466 units sold and from October 2007 to September 2008 1,809 sold. The one year change is a positive 6% and the two year change is negative 14%.
Annual Sales Volume from October ’09 to September ’10 was $466,924,900 compared to $474,557,457 in ’08-’09 and $622,817,402 in ’07-’08. The one year change was down 2% and the two year change was negative 25%.
The Intown Atlanta Market continues to have a bit of a split personality from month to month. Some months the numbers look good and other months, like this one, seem to be headed backward. Our own experience over the last several months is that more “everyday” buyers are entering the market and that business is generally on the upswing.
Our next report will examine the Intown South market