Metro Atlanta’s housing market has a long way to go.
The metro area’s median price of an existing home ticked up about $4,000 in May, compared with last winter. But that was still $21,200 lower than May 2010, AJC writer Christopher Quinn reports, citing new data from the National Association of Realtors.
Foreclosures and short sales are continuing to keep prices depressed, Quinn writes.
The organization’s monthly report also showed a little progress on the sales front — up 1.1 percent compared to May of last year, Quinn writes. The 18 other metro areas tracked by NAR showed an average drop of 12.8 percent.
Also in the AJC:
In other media:
- Henry Unger, The Biz Beat
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