The Beacham Insider – April 2012

Posted on April 15, 2012

The Beacham Insider April 2012Metro Atlanta home sales were up 18% in the first quarter of 2012 compared to the first quarter of 2011. Home prices continued to fall however, except in several key areas. As a result of both factors, the number of homes on the market sank to its lowest level in decades. While sales were up almost uniformly among neighborhoods, Buckhead (30327), Brookhaven proper (30319) and Sandy Springs (30328) were among the few areas where home prices rose. Much of the reason for Buckhead’s increase was due to a lack of housing inventory as the number of homes on the market in Buckhead has fallen 65% from just one year ago and is at its lowest level in 15 years. The next several months will see an increase in the average home sales price as it does every year in Atlanta from March to June.

Click here to read more in the April 2012 issue of The Beacham Insider.