Metro Atlanta home prices rose in June amid high demand, few listings


The Atlanta Journal-Constitution (July 20, 2020) -- Pent-up, pandemic-constrained demand brought out the buyers last month, pushing up sales and prices in the metro Atlanta housing market, while the listings of homes for sale remained in short supply.

Sales of homes jumped 31% from May to June in the 28-county area. The median sales price rose to $273,000, up 4% from June 2019, according to a report issued Friday by Re/Max.

“We are seeing low inventory, multiple offers, historically low-interest rates, and a lot of demand,” said Kristen Jones, broker and owner of Re/Max Around Atlanta. “We currently have twice as many pending contracts as we did this same time last year.”

Read more at: The Atlanta Journal-Constitution