November 16th, 2022
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.
October 17th, 2022
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.
September 20th, 2022
Inventory key as markets return to seasonal norms. Atlanta remains a seller’s market with a two-month supply of available houses. Interest rates are inching up, price appreciation has settled down a bit and overall the market is returning to more normal seasonal changes. Traditionally, house prices peak in June, with August marking a slowdown with summer vacations and school calendars picking up. After Labor Day, things traditionally start moving again. That is what Dorsey Alston, Realtors is seeing.
September 22nd, 2021
In this August 2021 Atlanta real estate market report the number of new listings coming to market in August was as low as we have seen this year, which is reflected in the lower number of sales in most Atlanta markets. Prices continued to rise, albeit at a lower pace, and days on market dropped almost 50% when compared to last year. Across the metro Atlanta market, new listings were down nearly 20% on average, while sales prices were up an average of 7%.