Atlanta Real Estate Market - Home Sales August Trends
It
was interesting as I went back into the FMLS statistics this evening
and matched up previous August Atlanta homes
sales of single family detached homes, and confirmed the current Atlanta real
estate trends for single family
detached home sales in the month of August going back to August of
2005. They trend is unmistakable for Atlanta homes
in units sold. Sales
of Detached Single Family Atlanta homes
have dropped 39% since August of 2005.
We must force our self to look at the over all trends rather
than go month to month and miss out on what is really occurring
in our marketplace. A 5 year chart of the same month allows
us to see what is really taking place. In effect,
we are comparing apples to apples.
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Jim-
I see that your Y-O_Y number for August is NOT less. Could this mean a bottoming out for transactions?
Jim Wood Nashville Real Estate (Crye-Leike Realtors, Inc.) Good observation! Yes, and no. Prices have moved a lot lower in that time-frame also. It is a bottom of sorts, and what I would like to see now is prices firm up.