Buckhead Average Sales Price in May Increases 10.46% over May, 2013

Market Month to Date Year to Date
Summary May 2014 May 2013 Percent Change Year-To-Date 2014 Year-To-Date 2013 Percent Change
New Listings 144 158 -8.86%  738 781 -5.51% 
Average Listing Price $995,942 $884,257 12.63%  $907,797 $824,287 10.13% 
Sold Listings 83 110 -24.55% 303 375 -19.2% 
Average Selling Price $947,469 $834,558 13.53%  $861,859 $780,256 10.46% 
Average Days on Market 95 105 -9.52%  106 127 -16.54% 

 

Buckhead average sales prices in May increased over 13.5% over May, 2013 and over 10.4% over year-to-date compared to 2013. Reduced average days on market and number of new listings for the same time periods reflects the low inventories. First-time home buyers struggling to find an entry-level house would see the days on market numbers as a joke given the fact that competition for houses is fierce with houses going under contract in hours, frequently with multiple-offers.

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