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As Kathy and David Siegel’s family grew, houses became a business. The Atlanta couple would buy a house and completely remodel it — David is a home builder, and Kathy has an eye for design — live in it, then sell it. They did this eight times. The demand for their renovated homes became the launching pad for Siegel Construction & Design.

Housing inventory is starting to build up across metro Atlanta, which is a good thing. For the last two years, prices have surged due to unprecedented demand and the lack of homes available for sale. As we reach the end of 2022, buyers are beginning to have more choices just as interest rates are trending lower.

Michael Rogers revealed the non-profits Dorsey Alston, Realtors is supporting in honor of our 75th anniversary, donating $45,000 to support Alzheimer’s research and families struggling with ALS, disabilities, special needs, poverty and medical emergencies. Earlier this year, we asked agents and staff to submit charities they are connected to and strongly support. The selected organizations would receive grants in recognition of the company’s milestone.

Dorsey Alston reviews FMLS data monthly to understand what is happening in the market. We are seeing a slowdown in sales and new listings, which is seasonal. The market is also being impacted by rising interest rates and an overall lack of inventory — but well-priced houses are still selling and getting multiple offers. 

In September, houses were closing for prices 13% higher compared to last year across the six markets Dorsey Alston Realtors tracks closely, while the number of new listings fell 19% and the overall number of sales dropped 35%. 

The broader 11-county metro Atlanta area reflects the trends. Sales are down, as are new listings, and prices are up over the same period. New listings in September totaled 7,407, a 5.3% decrease from August and a 6% decrease from last September, while active listings jumped 6.7% month over month and 33% year over year to 13,999.