2009 Real Estate Guide
real estate
Home price trends in Atlanta

City-by-city price comps
Atlanta
Choices abound for buyers, from resales and new homes with bold price cuts to large numbers of foreclosures. Affordability is at its highest level in nearly three decades, according to John Burns Real Estate Consulting. Entry-level buyers are prominent. The firm expects existing home sales to begin to flatten this year, but at lower prices and not bottoming until 2011. Permit levels are less than one-quarter of construction levels in the peak years of 2004 and 2005.
Median price end of 2008:$129,200
Median price end of 2007:$164,300
Percent change:-21.4%
Projected change through Q3 2009:-4.5%
Affordability rating:0
Foreclosures in 2008:
(1 for every 31 households)
67,007
Foreclosures in 2007:
(1 for every 40 households)
50,271
Change in foreclosures:33.3%
Expected to hit bottom:Q4 2009
Percent drop needed to reach bottom:-14.1%
Current rate comparison
» Click here to view the Top 40 map.
Price trends
Q1 2008 national median price: $196,100
Q2 2008 national median price: $206,400
Q3 2008 national median price: $200,400
Q4 2008 national median price: $180,100
Q1 2008 local median price: $154,000
Q2 2008 local median price: $158,300
Q3 2008 local median price: $151,300
Q4 2008 local median price: $129,200

 Back to the 40-city chart overview.

advertisement

Show Bankrate's community sharing policy
          Connect with us
advertisement
MORTGAGE & REAL ESTATE NEWSLETTER

Timely market news and advice for consumers ready to buy, sell or invest in real estate. Delivered weekly.

Blog

Polyana da Costa

Home prices rise at slower pace

Home price growth has slowed significantly. Should you be concerned?  ... Read more

advertisement
Partner Center
advertisement

Connect with us