January 25th, 2023
Across the markets Dorsey Alston, Realtors closely tracks, new listings last month fell 27% while the number of total active listings climbed 24%, according to data compiled from FMLS. The total number of sales was down 55%, but the average sales price was up 11% compared to December 2021. The 11-county metro region had similar numbers. New listings fell 23% and total active listings were up 47%. The number of sales fell 50% and the average sales price was up 5% to $466,292.
December 12th, 2022
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.
November 18th, 2022
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.
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.