A couple of years ago I was looking at median house prices in the Atlanta area, via a map that the NAR (National Association of REALTORS®). My friend Jay Thompson unearthed it... I think before the NAR was quite ready to release it.
The map is a fun little interactive tool, but the information is the real story here. A couple of years ago, I noted that the Median Home Price in the Atlanta area was $158,300 for the 2nd Quarter of 2008, down 9.8% from the 1st Quarter of that year.
For the 2nd Quarter of 2010, we are sitting at $122,700... up 1.1% from last year.
If you were wondering how values have fared over the last couple of years, this was a pretty telling indicator... and it wasn't good. I honestly didn't expect that the Atlanta market would go down by this much. I expected a 10-15% decrease in values, but not something closer to 20% as we have seen.
Here is the link back to the original post... with the map.
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