GA: Atlanta Real Estate Prices Up Slightly in May

The metro Atlanta median home price in May ticked up about $4,000 from last winter, though it was still $21,200 lower than May2010, according to the National Association of Realtors.

The agency’s latest monthly sales report shows metro Atlanta prices are moving in the right direction, said NAR spokesman Walter Molony.

“But I wouldn’t read too much into it,” he said, noting that the beginning of the home shopping season in spring and summer can push prices up seasonally. Foreclosures and short sales are keeping home prices depressed in this region, he said.

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