Fulton County's 12-month median climbs to $480,000, bucking Douglas County

ATLANTA Fulton County's home prices are climbing while Douglas County goes the other way. Over the 12 months through October, the Fulton County median rose 4.6% to $480,000.

Next door, Douglas County's 12-month median fell 3.3% to $311,770 over the same period, on 112 October closings.

Fulton County recorded 846 closed home sales in October, down 19.8% from 1,055 a year earlier. The median sale price was $480,000, up 4.6% from $459,000 a year earlier.

The median home closed at 98.2% of its final list price in October, against 98.6% over 12 months. Sales below list made up 58.0% of the total. A price cut came before 40.1% of sales, compared with 36.0% over the year.

With 5,597 active listings as of 1:20 p.m. ET Nov. 14, Fulton County had 6.6 months of supply at October's closing pace, which our published bands read as a buyer's market. On the 12-month sales pace the figure is 5.7 months, which falls in the balanced (4 to 6 months) band.

Sellers listed 1,876 homes in October, down 9.7% from 2,078 a year earlier, while buyers signed 806 contracts, down 19.6% from 1,002.