Ormewood Park 12-month median falls 15.8% to $588,500
Ormewood Park logged 54 sales over 12 months at a $588,500 median, and 14 in the last three months at $534,950, in the official FMLS run through October.
ATLANTA Ormewood Park (Atlanta)'s 12-month median sale price fell 15.8% to $588,500 through October, from $699,000 in the prior 12 months, across 54 closings.
Over the year, the median home sold for 100.0% of its final list price, and 42.6% of sales closed below list.
“Ormewood Park's 12-month median is down 15.8% to $588,500 across 54 sales, while homes still sold in a median 13 days. Prices have come down there, but homes still sell quickly.”
Jeff Crowe, publisher and market reporter, Jeff Crowe CRE
Median time on market was 13 days, against 6 days the year before.
Single months are too thin to read in a neighborhood this size, so this note uses 12-month and three-month windows only.
Jeff Crowe writes about Georgia home sales from the official monthly FMLS run. Jeff is a licensed real estate agent with CENTURY 21 The Avenues, a full-service local brokerage in Calhoun, Ga.
