In January, Buckhead and Alpharetta single family home sales were flat from a year ago but outpaced the rest of the Atlanta real estate market which was down 8%. In condo sales, Alpharetta-West and Intown Atlanta led the way with increase of 43% and 8%, respectively. Home prices for both single family and condos took a beating across the board, however. Prices in the Beacham Bellwether single family home index dropped 23% year-over-year while prices for metro-wide dropped 25%. With the average sales price for Atlanta homes for sale at $181,799, Atlanta real estate pricing is currently at levels not seen since early 1999. The good news in January was that housing inventory continued to decline. In fact, January marked the ninth month in a row that housing inventory had declined – the most consecutive months on record.
