The September 2020 Market Brief compiled First Multiple Listing Service (FMLS), provides a regionally focused synopsis of monthly sales and home prices for residential properties in Metro Atlanta. This summary covers 11 counties: Cherokee, Clayton, Cobb, DeKalb, Douglas, Fayette, Forsyth, Fulton, Gwinnett, Paulding and Rockdale.
Demand: September residential sales were at 6,909, an increase of 12.9% from the previous year.
Price: Average and median sales prices continue to gain traction and outpace 2019’s figures, with positive gains. The median sales price in September was $311,000, an increase of 15.2% from last September. The average sales price was $376,500, up 15.3% from the previous year.
Supply: Atlanta area housing inventory totaled 12,418 units in September, a decrease of 36.6% from September 2019. New listings totaled 8,465, down 4.2% from September 2019 and down 5.2% from the previous month. The month’s supply over a 12-month period decreased to 2.0 months.
A Word from 2020 Atlanta REALTORS® President Jennifer Pino:
“The Atlanta housing market is extremely robust and we are enjoying ‘spring-like’ activity in terms of the high level of volume. The market appears to have rebounded from the effects of the pandemic earlier in the year, and we have seen a large bump in sales despite the continued low inventory.”
The data in this report was compiled by First Multiple Listing Service (FMLS). For more information on details of this month’s report, please contact the Association at 404.250.0051.
*Each month, the numbers reported for the previous month are updated to reflect additional recordings.
