After a record streak of reaching 6.0 for two consecutive months, Atlanta’s residential real estate index, The Cal-Culator, has dipped to 5.7 in March.
According to the U.S. Department of Commerce, new single-family home sales were 3.3 percent below January while existing and pending home sales also fell. The S&P/Case-Shiller Home Price Indices saw declines in month-over-month home price gains in the majority of its 20-City Composite, including Atlanta.
Despite the setbacks, inventory is continuing to rise and Atlanta experienced astounding year-over-year home price gains. To view the full column, visit SaportaReport. The April Cal-Culator will be released May 13.