10 %
During the past 12 months , appreciation rates were 6 % with the last quarter at 2.21 %. If appreciation remains steady , it will annualize to a rate of 9.14 %.
92 K
For Atlanta to reach a normal home supply level , 92,000 homes would need to be built annually over the next ten years . Lumber costs , zoning restrictions , and lot shortages may prolong the time for supply to meet demand .
+ 27 %
In May , Metro Atlanta saw a 27.4 % YOY median sales price increase in existing home sales . The number of homes that sold during the same time period increased 27.5 %.
4 TH
Better . com currently ranks Atlanta 4th in the U . S . for the top-5 hottest housing markets for Millenials . Driving this trend is Atlanta ' s median home price as well as the numerous business startups and Fortune 500 companies locating to the Metro area .
117.6
Metro Atlanta scored 117.6 in affordability on the Federal Reserve Bank of Atlanta ’ s Home Ownership Affordability Index . The national average is 96.4 . A score above 100 is considered affordable .