Tagged : atlanta housing statistics june 
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Atlanta Real Estate Inventory Down 10% from 2008
Wednesday, July 22nd, 2009 at 5:48am. 404 Views, 0 Comments.
Many sources have predicted that the Atlanta housing market would hit bottom and begin a slow but steady recovery in late 2009. It sure seems like that is the case today as a new report shows months of inventory for single family detached housing in June reduced to 12 months verses 13.6 months in June 2008. This is a positive sign that while the economy is still weak, the housing market is beginning a slow turn to the positive.
The average sale price for detached housing in June was $217,790 in Metro Atlanta, a 13.4% decrease from 2008, but $42,000 above the recession low in February. It was also the 4th consecutive month of price increases. Again, the basic economic principal of supply and demand continues to prove that the market is gaining some…