The Atlanta REALTORS® Market Brief is designed to offer an overview of the Atlanta residential market by providing a synopsis of sales and home prices, and covers 11 counties: Cherokee, Clayton, Cobb, DeKalb, Douglas, Fayette, Forsyth, Fulton, Gwinnett, Paulding, and Rockdale. The numbers in the reports are updated each month to reflect any additional recordings from the previous month.
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Demand:
Closed sales softened with 4,423 units sold, down 6.5% year over year and 10.4% from July, signaling cooler buyer activity. |
| Price:
Prices were steady overall. The median sale price was $425,000, up 0.7% from last August but a bit lower than July (−2.6%). The average sale price was $523,000, up 1.6% from a year ago and down 2.9% from last month. |
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Supply:
Inventory remains elevated compared with last year. Active listings reached 20,158, up 24.7% from last August but 2.8% lower than in July. Months of supply stood at 4.6, up 26% year over year. New listings were 7,722, down 3.1% from last August and 12.3% from July. |
