The median sales price of a home in metro Atlanta dipped by $14,600 to just under $100,000 in March, according to new data from the National Association of Realtors, AJC reporter Rachel Tobin writes.
“We’re back to almost 1997 levels,” Steve Palm, of housing data firm SmartNumbers, told Tobin. “It’s pretty bad and it’s not going to get better either.”
The volume of home sales in the area also dipped — by 6.5 percent compared to the same month a year ago — according to the data released Wednesday.
Palm said getting the housing market in better shape hinges on the economy, which he believes has not turned the corner, Tobin writes.
Also in the AJC:
In other media:
- Henry Unger, The Biz Beat
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