Atlanta real estate sales were down 11% in March, while prices were down 16%. Buckhead real estate withstood a tough month; sales were down 48% from a year ago. Prices were down a more modest 17%. Brookhaven real estate produced the only positive price increase in the Beacham Bellwether index, as prices there rose 9% in March, and are down only 7% year-to-date. For the Atlanta real estate market as a whole, March produced a ray of hope for a turnaround; sales increased from February to March by the highest rate since 2006 when Atlanta real estate enjoyed its best year ever. While sales are showing signs of a stabilizing, prices continue to come under pressure. For example, the final sales price to original list price ratio is down to 82.1%. In the boom days of 2005-2006, the ratio was in the low-to-mid 90% range.
