Well it seems the market adjustment has come and gone with no big collapse as some projected. Average sales price increased in the Metropolitan Atlanta area for the fourth month in a row from $379k to $390k. The number of homes for sale basically stayed the same as the previous month and was just slightly higher than this time last year. Closed sales literally stayed the same as the previous month but were about 3,300 less than May of 2022 and is most likely the result of higher interest rates. Average days on the market is down for the fourth month in a row to 12 days from its peak of 30 days in January. Stay tuned as we move into the Summer market.
http://fmls.stats.showingtime.com/infoserv/s-v1/JNJI-bcR
http://fmls.stats.showingtime.com/infoserv/s-v1/JNJU-Yke
http://fmls.stats.showingtime.com/infoserv/s-v1/JNJr-Pe2
http://fmls.stats.showingtime.com/infoserv/s-v1/JNJy-umi