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I will start updating you next week what happened in May for North Fulton.
In the meantime, the April report for Metro Atlanta is out and here are some highlights that mirror what I've been reporting about North Fulton...
Metro Atlanta reached record highs for median and average sales price at $412,500 and $500,500 respectively for April indicating the housing market is still hot," reports Atlanta REALTORS® Association President Karen Hatcher. "This is the first time ever the median price has been over $400,000 and the average price over $500,000."
"As we moved into the busy spring season, we saw a slight increase in inventory with supply inching back over 1 month for the first time since December," says Hatcher. "Although a positive sign, we are still very much in a Seller's market."
"While interest rates are rising, they are historically still low. We are continuing to see multiple offers on homes and offers above the list price."
"This market requires a very close watchful eye as properties go under contract within days of listing."
"As Metro Atlanta continues to progress economically, and with our current state of inventory, we will continue to see rising prices."
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