The most recent numbers for closed December detached single family Atlanta homes were just released from our Atlanta MLS this past week. I decided to compare this average sales pricing to the same time-frame in preceding years. It was interesting to note that the peak in price was $261,023 for December 2006. The peak in average Atlanta homes sales price was $292,245 in June of 2007 for a single family detached Atlanta home! That is a 30.83% drop in the average sales price! That is almost a drop if a third drop in the average sales price of a detached Atlanta homes.
****Please keep in mind that when referring to the Atlanta home sales, I am referring to the entire MLS coverage of the greater Atlanta METRO area and not limiting the statistics to the city of Atlanta.
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 
The last two years looks as if prices have stopped free falling. Hopefully we can hang on by our fingernails and get some traction by the end of the year.
John Walters (Licensed in Louisiana U.S.A.) (Slidell, Pearl River, Lacombe) I agree, the safety net is in place, I just hope the government leaves the rates low for a little longer.
Jim,
Do you think that some of the recent average data may be somewhat skewed because of the incentive programs for first time home buyers? They're generally in a lower price range.
Rich
Richard Iarossi, Crofton MD Real Estate, Annapolis MD Real Estate (Long and Foster® Real Estate, Inc.) Yes, definitely and the sales are concentrated in areas where the prices are low.
Jim,
Your drop of 30% is somehow palatable when you compare it to our drop of over 50% here in Vegas.