Atlanta REALTORS® Releases August 2021 Statistics on Housing Market

National -

September 20, 2021

The Atlanta REALTORS® Market Brief examines sales, prices in 11-county metro area

Washington – RealEstateRama – Atlanta REALTORS® Association (ARA), the largest association of its kind in Georgia, released its August 2021 Market Brief on residential housing statistics for 11 area counties in metropolitan Atlanta. The Market Brief, compiled by First Multiple Listing Service (FMLS), provides the only regionally-focused synopsis of monthly sales and home prices for single-family residential properties.

Annual Comparison

	August 2021	August 2020	% Change
Total Home Sales	7,284	7,721	-5.7%
Median Sales Price	$360,000	$306,000	17.6%
Average Sales Price	$428,000	$373,500	14.6%

Monthly Comparison

	August 2021	July 2021	% Change
Total Home Sales	7,284	7,736	-5.8%
Median Sales Price	$360,000	$365,000	-1.4%
Average Sales Price	$428,000	$438,500	-2.4%

Demand: August residential sales were at 7,284, a decrease of 5.7% from the previous year.

Price: Average and median sales prices continue to outpace 2020’s figures, with positive gains. The median sales price in August was $360,000, an increase of 17.6% from last August. The average sales price was $428,000, up 14.6% from the previous year.

Supply: Atlanta area housing inventory totaled 9,205 units in August, a decrease of 29.8% from August 2020. New listings totaled 8,753, down 3.6% from August 2020 and down 7.1% from the previous month. The month’s supply over a 12-month period decreased to 1.3 months.

Largest Metro Counties Sales Comparison

	Total Units Sold	Median Sales Price	Average Sales Price
Cobb	1,290	$363,000	$405,500
DeKalb	926	$350,000	$412,500
Fulton	1,809	$400,000	$522,000
Gwinnett	1,416	$350,000	$391,500

A Word from 2021 Atlanta REALTORS® President Cynthia Lippert:

“With inventory once again reflecting a significant decline in comparison to 2020, and less than half of what was on the market in 2019, the August closings are reflecting this ongoing challenge,” stated Cynthia Lippert, 2021 President of the Atlanta REALTORS® Association. “Sales are historically strong for the month of August but are down slightly in comparison to a very robust market in 2020.”

“The standout factor among seasonal patterns, however, is prices, which are steadily increasing without signs of slowing down anytime soon,” says Lippert in reference to the average home price increasing by 14% from 2020, and the median home price increasing by 17%”.

The Atlanta REALTORS® Market Brief is designed to offer an overview of the Atlanta residential market by providing a synopsis of sales and home prices, and covers 11 counties: Cherokee, Clayton, Cobb, DeKalb, Douglas, Forsyth, Fulton, Gwinnett, Fayette, Henry and Paulding. The numbers in the reports are updated each month to reflect any additional recordings from the previous month. Each month, the numbers reported for the previous month are updated to reflect additional recordings.

For more information or details on the reports, please contact Atlanta REALTORS® at 404-250-0051.

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About the ATLANTA REALTORS® Association:

The Atlanta REALTORS® is the voice of residential real estate in Metro Atlanta and has been an instrumental factor in the growth of real estate in the state of Georgia for more than a century. As the largest REALTOR® association in Georgia, ARA serves as a central source of information for its members by focusing on real estate education, the promotion of professionalism in the industry and representing members with legislative initiatives to create positive change for the real estate community. While less than 50% of active real estate licensees in Georgia meet the requirements to become REALTORS®, they constitute 80% of the top producing agents. Membership in ARA is the hallmark of quality, professionalism, and production.

About FMLS:

First Multiple Listing Service (FMLS) is the premier data services provider for real estate professionals in Georgia. FMLS was founded in 1957 by a group of Brokers who wanted to share their listings and connect buyers and sellers. Today FMLS is the largest MLS in Georgia & the 4th largest MLS in the United States, serving nearly 54,000 real estate Agents & Brokers. For additional information or to start a discussion about how to partner with FMLS please contact .