By unit, home sales fell 14.3% month over month and 40.2% year over year to 4,187 properties in November, while the median sales price of homes sold was $370,000, down 2.6% from October but up 4.2% from November 2021, Georgia MLS reported.
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The number of homes sold in September fell 9.8% from August to 5,680 properties, which was 21.9% lower than the 7,274 homes sold a year earlier.
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The median price first topped $400,000 in May, when it rose 3.6% from April to hit $409,400. It rose again in June to $411,375 before beginning its retreat last month.
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Other market metrics, including sales volume, units sold and new listings also declined on a month-over-month basis.
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The number of homes sold dipped 1.5% compared to May, Georgia MLS reported.
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The median sales price of an Atlanta home was up 20.6% from a year earlier, at $409,400, Georgia MLS reported.
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The 26.9% month-over-month gain follows a 12.6% increase in February.
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February sales volume by dollar amount rose 15.1% month over month to $2.06 billion worth of transactions, Georgia MLS reported.
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Sales volume by dollar amount fell precipitously, declining 37.4% from $2.59 billion worth of transactions in December to $1.62 billion in January, Georgia MLS reported, citing its monthly Housing Market Snapshot.
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At the same time, the median sales price of properties sold rose 20.1% to $340,000, Georgia MLS reported.
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