Across metro Atlanta, the number of sales and average sales prices continued to climb last month, while the number of days houses were on the market continued to fall.
FMLS data show the market sustained the trend through 2021, with December capping a remarkable year for the Atlanta housing market, and Dorsey Alston Realtors in particular, which experienced its best year yet.
The following is a market-by-market analysis based on those numbers, comparing 2021 to 2020. Please note FMLS altered the geography of the areas we track in late 2021.
North Fulton experienced a nearly 10% drop in new listings, with the number of days those houses sat on the market falling from 44 to 21 in 2021. Meanwhile, the average sales price — $627,850 — was up 20% compared to 2020.
In East Cobb, the number of houses sold rose 8%, and the average sales price increased to $481,217 compared to $415,940 the previous year.
Although the number of new listings in Buckhead dropped 4%, the area saw an increase of 24.2% in the number of home sales. The average sales price for a home increased 7% to $709,825. The average number of days a house sat on the market fell to 38.
The number of sales in the Intown market increased 17%, from 4,043 in 2020 to 4,747 in 2021. The average sales price was up slightly, while the number of days on the market was down 20%.
Sandy Springs saw a 6.7% uptick in closed sales price, while the number of sales was nearly 20% higher. The number of days on the market fell 40%, to 29 days on average.
The Brookhaven/Dunwoody market experienced a 15% bump in the number of sales, an 11% increase in closed sale prices and a 34% drop in the average number of days on the market.
According to Dorsey Alston Senior Vice President Carson Matthews, the closer in Atlanta markets reflect an interesting change. Those markets experienced a higher percentage increase in the number of sales and lower price gains, while markets further out saw the opposite.
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