Atlanta Home Sales Continue to Fall in 2008 | Atlanta Real Estate Market Report

Atlanta home sales continue their  decline in 2008. I decided to do some of my own preliminary Atlanta homes sales statistics this month a few days ahead of the FMLS statistics.  Sales last month were off over 40% and January 2008 seems to be doing just the same.  For January 2008 there are only 2272 sold single family Atlanta homes showing as closed.  In January of 2006 the number was 3807, in January of 2007 it was 3844 with the average sales price $248,137 vs. $252,347 in 2007.  On a percentage basis that is over a 41% drop in sales for Atlanta homes and a 2% drop in price.  The offical statistics wil be out in a few days, but I think there will not be a major revision in Atlanta homes sold.  Chances are more likley to show an average drop in sales of at least 35% single falmily homes sold.  There are not enough in the 2779 pending sales to make much a dent, they are normally much higher.  There are a lot of great Atlanta homes for sale, contact us for more information!

• 1/01/2006 to 1/31/2006  3807 Sales 82  Days on Market $204,940 Average Price
• 1/01/2007 to 1/31/2007  3844 Sales 89  Days on Market $252,137 Average Price
• 1/01/2008 to 1/31/2008  2272 Sales 102 Days on Market $248,137 Average Price

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