The latest Atlanta real estate statistics for March 2009 were just released yesterday. There were 3,727 closings for all single family in March 2009 (512 attached homes and 3212 detached). A decline of 25.1% from March 2008 and almost a 50% decline from March 2006. March 2009 was Atlanta's 28th year-to-year monthly decline for all single family out of the past 31 periods. Single family detached metro area Atlanta home closings are off 23.3% and off 34.4% for single family attached for March 2009 versus March 2008. Single family attached home sales are down more than 50% from March 2006, 512 closings versus 1,158. The average sale price for all single family in March was $179,744. That is down 21.7% from March 2008 and 29.5% from March 2007. The average sale price for single family detached was $183,800 for March 2009. Down 22.9% from March 2008 and also the highest average so far in 2009.
Atlanta Real Estate Statistics:
-
Atlanta single family detached Atlanta home closings are off 23.3%
-
The average sale price for and Atlanta single family detached was $183,800
-
The average sale price for all single family in March was $179,744
RE/MAX Paramount Properties 678-595-5283 Direct
Or 888-940-0074 Toll Free Office
Atlanta Real Estate Agents, Alpharetta GA Homes for Sale, Dunwoody GA Homes for Sale, Atlanta Real Estate & Atlanta Homes for Sale 
Gwinnett Homes for Sale
Atlanta Real Estate Blog, Cumming GA Homes 
Thanks for posting, that's good information to know. Let's all do what we can to get Atlanta moving in the right direction!
But, the good news is that there are still people out there buying homes and FEWER agents that we have to compete with. ----Just looking for that silver lining, Jim.
Michelle Yackel, ASP, IAHSP (Divine Redesigns) I'm doing my part.
Karen Luke - Henry County Real Estate (Keller Williams Realty ) Agents are not leaving quick enough to make any difference. Most full time agents I know fear they are next.
We're busy here in Nashville.
Still mostly first time buyers but there are a few homes in the $200k+ market showing and selling.
Jim your numbers are Macro numbers. I think the positives to be found ( if you want them) are in the sales by price categories. I.E., Here in the Mt. Juliet suburb of Nashvilles we have less than 6 months supply of homes $125k to $150k . ( selling 6 per month, 6 currently under contract, 20 available.)
Homes over $200,000 are a much different storey.
The danger for you is that lumping all the numbers together leads buyers in all price points to feeling that ALL sellers are desparate, which is not true. Sellers with First Time buyer priced homes are in a very good postion, at least here.
Yeah, what Jim said up there.
I hope those numbers start climbing up for you again soon.
Jim Wood (Crye-Leike Realtors, Inc.) What is interesting is these numbers are really tame. This is only one portion of the picture. If I lumped the full numbers in there you would not like the picture. I plan to write a few more posts on these statistics, and no matter how you mix them, they are not good.
Alyce Martin in Albuquerque - THE Place To Be! (Keller Williams Realty) Thanks!
Brenda Carus (Re/Max Towne Square Realty) Sales will come back in their own time.... in the early 90's the market here in Atlanta had collapsed in 1988. By 1992 it had hit bottom...and my mid 1990's we started the uptick. So there will be at least 4 years from peak to bottom. For homeowners that purchased in the peak of that market in 1988....it took until 1998 to appreciate to the same level before homeowners that held on could just break even on the price they purchased it at. That was a full ten years. Homeowners would still be out of pocket for commission, and concessions.
That is this market. Keep in mind we did great during that entire time in the real estate market because we understood the dynamics of the events. Agents that will survive this market will be the ones that do not have unrealistic expectations.
The company with the Billboards by Atlanta interstates showed 6,700 homes sold in March??? Did they apply the new "Market to Market" accounting rules to obtain their number or is it just propaganda? Perhaps their numbers are for the entire state of GA?
Phil It literally would have to be a year to date number or the entire state of Georgia! FMLS has the most accurate numbers. What I realsed is it. I will be posting some modified charts shortly.
I agree with the first comment that there is still business in your neck of the woods. I have been reading your blog for awhile and just realized that I am not subscribed but I will remedy that after posting this comment!
Russell Lewis, Broker,CLHMS,GRI (AvenueOne Properties, Inc.) Thank you Russell. We are still generating leads, and selling homes. To better advise our clients we all need to understand the dynamics in our local markets.
your transactional market numbers are very similar to ours. Sounds like we are running in parallel. Keep up the great work
Team Carroll Cranford NJ,Westfield NJ Scotch Plains NJ Real Estate, CDPE (Team Carroll - RE/MAX Classic Group) Thanks.