What's Happening?
In Fulton County, the median home listing price in July rose to $86,425, a 4.2% increase from June's $82,975. However, this represents a 10.4% decrease from July 2024's median price of $91,950. The median home size was 1,461 square feet, with a price of $75 per square foot, up 10.1% from the previous year. Homes in Fulton County were listed for a median of 66 days, longer than the national median of 58 days. The increase in listing prices comes amid a broader national trend where the median home price in the U.S. was $439,450 in July.
Why It's Important?
The rise in listing prices in Fulton County, despite a year-over-year decrease, highlights the dynamic nature of the real estate market. This trend may affect potential buyers and sellers, influencing decisions on property investments. The longer listing times compared to the national average could indicate a slower market, potentially impacting local economic activity. Understanding these trends is crucial for stakeholders, including real estate agents, investors, and policymakers, as they navigate the complexities of the housing market.
