Atlanta Homes Decline in Price July 2008. Atlanta Homes Price Declines 9% - Single Family Detached Atlanta Homes Decline in Value. Everyone said it would not happen in Atlanta that home prices would actually drop. Maybe it isn't such a good idea to write things in stone. Yes it is true that Atlanta home prices never experienced the run up in Atlanta homes values as we have seen across the nation, but we also had a lot of speculation in new homes construction flipping and most importantly no money down financing. That 100% financing was our undoing here in Atlanta. The chart below is pretty much a self explanatory chart that shows a July comparison of Atlanta home prices from July 2005 to July 2008.
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