March was another solid month of price increase in the for-sale and rental markets, both locally and nationally. Atlanta’s asking-price fortunes continued in March, according to the latest Price Monitor from Trulia, with asking prices in the area’s housing market rising 16.3 percent year-over-year (and 5.5 percent quarterly) and asking rents rising 7.2 percent. Those increases, explained Trulia Chief Economist Jed Kolko, are pretty consistent with the the wider national trends: “Despite declining investor purchases and more inventory coming onto the market, asking home prices continued to rise at the start of the spring housing season. Month-over-month, asking prices rose 1.2 percent nationally in March 2014, seasonally adjusted. Quarter-over-quarter, asking prices rose 2.9 percent in March 2014, seasonally adjusted, reflecting three straight months of solid month-over-month gains. Year-over-year, asking prices are up 10 percent nationally and up in 97 of the 100 largest metros.
by Peter Ricci April 11, 2014