January 2020 Market Summary: What’s Goin’ on in Atlanta
Atlanta | Home Owners | Real Estate | What's going on! |
January ended with sales at 3,280, which was a 7.8% increase from this time last year. Supply decreased 10.9% from January of 2019. New listings totaled 4,173, down 9.8% from January 2019 and up 48.4% from the month prior.
A Word from 2020 Atlanta REALTORS® President Jennifer Pino: “National economists have projected sales should increase modestly over 2020, but Metro Atlanta experienced a great start to 2020 with January sales reflecting a strong 7.8% increase. With demand remaining high and inventory levels continuing at historic lows, the median price has increased again by 7%. Interest rates are expected to remain low throughout 2020, which will help keep the monthly mortgage at an affordable level.”
Click HERE to read the report in it’s entirety along with monthly sales totals over the past three years, number of active listings and more!
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