Atlanta housing market nears spring frenzy with uptick in price, volume

Source:  Atlanta Business Chronicle

Spring has sprung and Atlanta’s residential real estate market is starting to see the effects.

According to a new report from Alpharetta, Ga.-based RE/MAX of Georgia Inc., both the median price for all homes sold and the number of closed transactions both gained traction in March.

The median price for all homes sold in March was $218,490, which is 9 percent higher than the median price in February and 7 percent higher than the median price in March 2015.

Closed transactions for March jumped 34 percent over February, but dropped by 2 percent from March 2015.

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