The average home sales price in Atlanta continued a streak of double digit year-over-year gains this summer, but sales remain well below 2012 due to a persistently low number of homes for sale. Sales of single family detached homes were down 6% in the three month period from June to August compared to the same three months a year ago, while the average sales price was up 23%. Among the Beacham Bellwethers, an index created by Beacham & Company to track the most desirable areas of Atlanta, sales were up 21% from a year ago, while prices were up 19%. Most neighborhoods and communities in the Beacham Bellwethers are in highly rated school districts and are convenient to major job centers within the metro Atlanta area.
