Atlanta housing market sees drop in demand, increase in prices

Even though August saw a small dip in demand for single family residential properties, prices are continuing to rise. According to the Atlanta Realtors (formerly the Atlanta Board of Realtors) citing data from the First Multiple Listing Service, August residential sales were at 5,180, a drop of 5.5 percent from August 2015. However, average and median sales prices are still pushing ahead 2015’s numbers. The median sales price in August was $242,000, an increase of 8.5 percent from last August,…

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