"Atlanta's drop in prices stems largely from increasing sales of foreclosures, which typically cost less than $100,000 and drag down surrounding home values," said Mitch Kaminer, president of the Atlanta Board of REALTORS®. The region’s median sale price -- the point at which half cost more and half cost less -- fell to roughly $108,000 last month, a nearly 10 percent drop from December, board data shows.
"It’s crucial to get foreclosures sold off," Kaminer said. "That’s how we return to a healthy market."