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!

*For informational purposes only.  Not to be relied upon as legal advice.  Nothing in this blog should be construed as creating an attorney-client relationship.  MMH is not responsible for, does not endorse or accept liability for any externally linked site or its content.  MMH does not give any representation regarding the safety, reliability or accuracy of the content or materials contained on any external website.