By Michelle E. Shaw
The Atlanta Journal-Constitution
The average sale price of existing single-family homes in metro Atlanta tumbled 13.6 percent in February from a year earlier, dashing hopes for the first upward pricing trend since last summer.
According to data released Monday, metro Atlanta’s average price was $95,100, down from $110,100 in February 2010. That was the lowest average price among 17 metro areas in the National Association of Realtors’ monthly report.
Sales fell 4 percent over the same period, the data shows.
Nationwide, prices fell 4.2 percent, to $156,100, and sales declined 2.7 percent.
Local residential real estate experts were encouraged last month when the NAR report showed average metro area prices rose nearly 2 percent in January 2011 from a year earlier.
Monday’s data dampened the optimism...
http://www.ajc.com/business/average-metro-home-prices-880652.html
