atlanta

Across Metro Atlanta, home prices are up on average, while the number of days it takes for a house to sell are down. Transactions are down, and new listings and sales are lagging compared to this time last year. Just to keep things in perspective, last September was the biggest September in the history of Atlanta real estate, both the number of homes that sold and the prices those homes sold for. 

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%.

Comparing Metro Atlanta housing data from July 2021 to July 2020, sales prices were up, days on the market were down, and sales volume was down for the first time since April. This is a very important data set, as this is the first time we can compare month-to-month numbers that weren’t affected by the lockdown.

The New York Times featured a Peachtree Hills home listed by Olivia Sekerak in a look at the houses individuals can get for a given price around the United States.

Dorsey Alston reviewed FMLS (First Multiple Listing Service) data for June and compared those numbers to the same time last year. Across most markets, we saw a slight uptick in new listings. Sales and close prices were up, and days on the market were half what they were last year.