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Real estate news in Atlanta
At the same time, existing-home sales declined, and days on market rose.
More than 10,000 Realtors are expected to attend the NAR NXT, The REALTOR® Experience event being held Nov. 8-10
New-home prices, meanwhile, were mixed among the state’s largest cities, according to the latest report from HomesUSA.
The median sales price of a Metroplex home was down 0.8% year over year, at $396,870.
The NRP Group and the JPS Health Network are developing Thrive on Crawford together.
October’s increase comes as inflation slows and mortgage rates decline.
The developer, the Steinbridge Group, has committed to helping historically Black colleges and universities and other community institutions develop underutilized real estate.
The homebuilder will build larger, more open floor plans on a variety of lot sizes in high-growth communities.
The median sales price also declined, sliding 0.3% year over year, from $404,300 to $403,040, according to the university’s Monthly MSA Spotlight.
More sellers are putting their homes on the market as mortgage rates fall significantly for the first time in two years.
At the same time, days on market rose, while existing-home sales slid, according to this month’s Housing Scorecard.
Belle Meadows comprises 33 single-family homes priced from the low $400,000s.
Prices were up 0.6% month over month and 2.3% year over year, according to First American Data & Analytics’ monthly Home Price Index report.
“As the saying goes, ‘always be marketing.'” — Jennifer Swoope, real estate agent, Jennifer Swoope Real Estate
In University Park, $257,095 is the minimum income to be considered middle class, according to GOBankingRates. The maximum, meanwhile, is $771,286.
In its monthly report, HomesUSA said home prices were relatively flat during the same period.