Atlanta, Georgia Real Estate Market Report

The Atlanta, Georgia real estate market suffered a setback during the recession. The market is experiencing some ups and downs. It will hopefully begin evening out as the nation recovers from the recession. Be it single homes or condos, Atlanta real estate property prices are evening out. The median market action index in October 2009 was 15.

The statistics of the Atlanta Georgia real estate market can give a clear view.

As the graph above shows, the average price of a home for sale in Atlanta, Georgia has been experiencing many changes over the past two years. The average price of a home for sale was about $1,020,000 in October 2009. This shows an increase in the price by about 1.4% from that recorded in September 2009 and an increase of about 7.4% from October 2008.

As the graph above shows, the median price of a home for sale in Atlanta, Georgia has been decreasing over the last two years. The median price of a home for sale was about $840,000 in October 2009. This shows a decrease of 1.2% from the median price recorded in September 2009 and a decrease of about 1.2% from October 2008.

As the graph above shows, the average number of days a house in Atlanta has been on the market has been increasing over the past two years. In October 2009, a house was on the market for 175 days on average. This shows an increase of 6% when compared to the average days on market in September 2009 and an increase of 75% from October 2008.

As the graph above shows, the number of houses sold in Atlanta, Georgia in October 2009 was 3.75 houses. When compared to the number of houses sold in September 2009, there has been an increase of 15% in the number of houses sold. This shows a decrease of 11.8% in the number of houses sold compared to October 2008.