Atlanta Market Strong in March

The Atlanta Board of Realtors just released March trends compiled from FMLS data.

• Supply: Atlanta area housing inventory totaled 13,956 units in March, an increase of 5.2% from March 2014. New listings totaled 4,906, down 1.1% from March 2014 and up 23.42% from the previous month. The supply for sales over a 12 month period was steady at 3.6 months.
• Demand: March residential sales were at 3,993, an increase of 13.8% from the previous year.
• Price: Average and median sales prices continue to gain traction and outpace 2014's figures, with positive gains. The median sales price in March was $218,000, an increase of 8.5% from last March. The average sales price was $279,000, up 7.7% from the previous year.